Stock Market Today, March 3: Blue Owl Falls Amid Rising Private Credit Redemption Activity
2026-03-03 17:20:31 ET
Blue Owl Capital (NYSE:OWL) , a private credit and permanent capital provider, closed Tuesday at $10.27, down 3.89%. Shares slid after fresh reports on liquidity strains, withdrawal limits, and sector-wide redemption pressure in private credit, and investors are watching how asset sales and fund “gating” risks shape future capital-raising.
The company’s trading volume reached 54 million shares, which is about 141% above compared with its three-month average of 22.4 million shares. Blue Owl Capital went public in 2020 and has grown 1% since its IPO.
The broader U.S. markets weakened Tuesday, with the S&P 500 (SNPINDEX:^GSPC) falling 0.94% to 6,816.63 and the Nasdaq Composite (NASDAQINDEX:^IXIC) losing 1.02% to finish at 22,517. Within alternative asset management, industry peers Blackstone (NYSE:BX) closed at $110.92 (-3.83%) and KKR (NYSE:KKR) finished at $90.55 (-0.07%), reflecting caution around credit and private market exposures.
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