BlackRock (BLK) : Traders are bullish on BlackRock (BLK) as it has outperformed the S&P 500 by a wide margin of 0.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.51%, relative to the S&P 500. The stock has risen by 1.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.63% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 0.69%.The 200 Day SMA reached 7.97% BlackRock, Inc. is up 7.7% in the last 3-month period. Year-to-Date the stock performance stands at 9.58%.
BlackRock (BLK) : The consensus price target for BlackRock (BLK) is $385.89 for the short term with a standard deviation of $16.34. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $414, however, the pessimist price target for the company is $357.
For the current week, the company shares have a recommendation consensus of Buy. BlackRock (NYSE:BLK): The stock opened at $362.64 and touched an intraday high of $366.58 on Friday. During the day, the stock corrected to an intraday low of $360.11, however, the bulls stepped in and pushed the price higher to close in the green at $365.97 with a gain of 0.13% for the day. The total traded volume for the day was 1,122,310. The stock had closed at $365.5 in the previous trading session.
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.