Large Inflow of Money Detected in BlackRock

BlackRock (BLK) stock had a bullish inflow of $63.41 million worth of trades on uptick and an outflow of $61.45 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.03. The net money flow into the stock was $1.96 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.1 million. $0.1 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, BlackRock (BLK) stock traded down $2.06 , and reached $355.45, a drop of -0.57% over the previous day. On a weekly basis, the stock is 2.97%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 3.96% and the 50-Day Moving Average is 1.72%. Shares have rallied 1.39% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $369.33 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $348.40 and the 200 Day Moving Average price is recorded at $335.12.

BlackRock (NYSE:BLK): The stock opened at $354.50 on Thursday but the bulls could not build on the opening and the stock topped out at $362.00 for the day. The stock traded down to $352.99 during the day, due to lack of any buying support eventually closed down at $355.19 with a loss of -0.65% for the day. The stock had closed at $357.50 on the previous day. The total traded volume was 799,529 shares.

In an insider trading activity,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, 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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