ASX stock of the day: Platinum (ASX:PTM) shares up 6%

The Platinum Asset Management Ltd (ASX: PTM) share price is on fire today, rising 6.71% at the time of writing to $3.89 a share. Platinum shares closed at $3.66 yesterday afternoon before opening at $3.79 this morning and climbed as high as $3.94 today before settling at their current level. By comparison, the S&P/ASX 200 Index (ASX: XJO) is also up today, but only by 0.73% to 6,692.8 points.

Today’s move caps off what has been a stellar week and month for the company. Platinum shares are up more than 11% over the past 5 trading days, and up more than 26% since the start of November.

Who is Platinum Asset Management?

Platinum is one of the most famous asset managers on the ASX, despite only starting out in 1994. Platinum made a…