Large Outflow of Money Witnessed in The Blackstone Group L.P.

The Blackstone Group L.P. (BX) : The total negative money flow of $2.62 million on Friday indicates selling on strength. The inflow of money on upticks was $19.65 million, compared to $22.27 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.88. The negative money flow of $0.16 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.92 million in a block trade.The transaction value of block trade on downtick was $2.76 million. The uptick to downtick ratio was 1.06. The price action in the The Blackstone Group L.P. (BX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $27.23 with a gain of $0.4 , a change of 1.48% over the previous days close. The stock registered 8.91% for the week.


The Blackstone Group L.P. (BX) : The consensus price target for The Blackstone Group L.P. (BX) is $30.75 for the short term with a standard deviation of $4.33. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $24.

The Blackstone Group L.P. (NYSE:BX): stock turned positive on Friday. Though the stock opened at $26.85, the bulls momentum made the stock top out at $27.52 level for the day. The stock recorded a low of $26.82 and closed the trading day at $27.42, in the green by 2.20%. The total traded volume for the day was 5,742,921. The stock had closed at $26.83 in the previous days trading.

In a related news, Goodman Bennett J, director of Blackstone Group L.P., unloaded 342,916 shares at an average price of $26.31 on February 19, 2016. The total amount of the transaction was worth $9,022,120, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

The Blackstone Group L.P. is a global alternative asset manager. The Companys alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds mandates. The Companys segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Companys Private Equity segment focuses on identifying, managing and creating lasting value for its investors. The Company manages a number of global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a real estate investment trust (BXMT). The Companys Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.

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