Shares of BlackRock (BLK) Sees Large Inflow of Net Money Flow

BlackRock (BLK) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $48.44 million worth of transactions were on upticks, whereas, the downticks accounted for $38.31 million worth of transactions. The net money flow was a positive $10.14 million and the uptick to downtick ratio was 1.26. The net money flow into the stock was $8.2 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $8.2 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. BlackRock (BLK) was trading at $372.17, down $0.64 during day. The stock slid -0.17% over the previous days close. For the week, the stock recorded 0.29% over the previous weeks close.


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 -4.68% . Institutional Investors own 81.92% of BlackRock shares. During last six month period, the net percent change held by insiders has seen a change of -4.91%.

In a related news, The Securities and Exchange Commission has divulged that Mccombe Mark, officer (Senior Managing Director) of Blackrock Inc., had unloaded 1,400 shares at an average price of $374.92 in a transaction dated on August 30, 2016. The total value of the transaction was worth $524,888.

BlackRock (NYSE:BLK): The stock opened at $374.51 and touched an intraday high of $375.69 on Friday. During the day, the stock corrected to an intraday low of $371.905, however, the bulls stepped in and pushed the price higher to close in the green at $373.85 with a gain of 0.45% for the day. The total traded volume for the day was 294,065. The stock had closed at $372.17 in the previous trading session.

BlackRock (BLK) has been under a strong bear grip, hence the stock is down -0.11% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.24% in the past 1 week. The stock has risen by 0.74% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.24% in the past 4 weeks.

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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