Large Outflow of Money Witnessed in BlackRock

Shares of BlackRock (NYSE:BLK) advanced to $347.8. The price had gained 0.24% or 0.83 points intraday. The latest trading session witnessed $16.92 million in upticks and $19.15 million in downticks, resulting in net money flow of (-2.23) million. The up/down ratio for the day stood at 0.88. On a weekly scale, the price has seen a change of -3.22%.


Currently the company Insiders own 2.2% of BlackRock shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.07% . Institutional Investors own 88.07% of BlackRock shares. During last six month period, the net percent change held by insiders has seen a change of -4.25%. On the companys insider trading activities,The director of Blackrock Inc., Wagner Susan sold 8,665 shares at $365.39 on June 1, 2016. The Insider selling transaction had a total value worth of $3,166,104. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

BlackRock (NYSE:BLK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.38 points or 0.69% at $344.59 with 532,816 shares getting traded. Post opening the session at $346.16, the shares hit an intraday low of $344.47 and an intraday high of $350.57 and the price was in this range throughout the day. The company has a market cap of $56,295 million and the number of outstanding shares have been calculated to be 163,366,740 shares. The 52-week high of BlackRock (NYSE:BLK) is $369.33 and the 52-week low is $275.

Many analysts have stated their opinion on the company shares. Citigroup upgrades their rating on the shares of BlackRock (NYSE:BLK). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $410 per share from $340 per share. The rating by the firm was issued on April 19, 2016.

BlackRock, Inc. is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. Products are offered directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company also offers its BlackRock Solutions investment and risk management technology platform, Aladdin, risk analytics and advisory services and solutions. It has $4.65 trillion of assets under management at December 31, 2014.

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