Shares of BlackRock (BLK) Sees Large Outflow of Money

BlackRock (BLK) : The total money flow in BlackRock (BLK) was negative ($10.28 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $40.33 million. Transactions on upticks were comparatively lower at $30.05 million. The uptick to downtick ratio was 0.75. The total block trades on downticks were valued at $13.13 million. The money flow during block trades was negative ($13.13 million) when the stock traded with a gain of $271 cent. BlackRock (BLK) was $373.8, an increase of 0.73% over the previous days close.


Also, Brokerage firm Barclays maintains its rating on BlackRock (NYSE:BLK). As per the latest information, the brokerage house raises the price target to $375 per share from a prior target of $364. The shares have been rated Equal-weight. The rating by the firm was issued on August 24, 2016.

Shares of BlackRock, Inc. rose by 1% in the last five trading days and 2.09% for the last 4 weeks. BlackRock, Inc. is up 3.78% in the last 3-month period. Year-to-Date the stock performance stands at 11.9%.

BlackRock (NYSE:BLK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $374.10 and $373.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $376.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $376.00, notching a gain of 0.59% for the day. The total traded volume was 631,429 . The stock had closed at $373.80 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Blackrock Inc., Wagner Susan had sold 13,076 shares worth of $4,878,525 in a transaction dated August 5, 2016. In this transaction, 13,076 shares were sold at $373.09 per share.

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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