Large Inflow of Money Detected in BlackRock

BlackRock (BLK) : Wednesdays money flow indicated an uptick to downtick ratio was at 2. The total value of inflow transactions on upticks was $5.37 million, whereas, the total value of outflow trades on downticks was $2.68 million. The total money flow was $2.68 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.1 million. The total value of the trades done on upticks was $0.1 million. BlackRock (BLK) was trading with a -0.17% change over previous days close. It fell $0.6 during the day and reached $355.98. The stock was -0.24% compared to the previous weeks close.


Also, Keefe Bruyette & Woods downgrades their rating on the shares of BlackRock (NYSE:BLK). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $383 per share from $390 per share. The rating by the firm was issued on July 15, 2016.

BlackRock (NYSE:BLK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $358.66 and $355.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $360.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $359.78, notching a gain of 0.90% for the day. The total traded volume was 433,788 . The stock had closed at $356.58 on the previous day.

The stock has recorded a 20-day Moving Average of 4.43% and the 50-Day Moving Average is 2.92%. In a related news, Wagner Susan, director of Blackrock Inc., unloaded 8,665 shares at an average price of $365.39 on June 1, 2016. The total amount of the transaction was worth $3,166,104, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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