Shares of The Blackstone Group L.P. (BX) Sees Large Outflow of Money

The Blackstone Group L.P. (BX) : Thursdays money flow analysis of The Blackstone Group L.P. (BX) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $39.02 million. In comparison, the inflow of money on upticks was a meager $31.47 million. The dollar value of composite uptick trades minus the downtick trades was negative $7.55 million. The uptick to downtick ratio of 0.81 in the money flow shows weakness. The uptick block trades were valued at $2.9 million. The downtick transaction value was high at $12.12 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.24. Hence, the net money flow in the stock was negative ($9.22 million). The Blackstone Group L.P. (BX) gained $0.45 at $23.41, a change of 1.96% over the previous days close.


The Blackstone Group L.P. (BX) : The highest short term price target forecast on The Blackstone Group L.P. (BX) is $38 and the lowest target price is $26. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $31.71 with a standard deviation of $4.03. The stock has recorded a 20-day Moving Average of 6.14% and the 50-Day Moving Average is 9.65%.

The Blackstone Group L.P. (NYSE:BX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.20 and $23.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.41, notching a gain of 1.96% for the day. The total traded volume was 6,719,387 . The stock had closed at $22.96 on the previous day.

The Blackstone Group L.P. is a global alternative asset manager. The Companys alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds mandates. The Companys segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Companys Private Equity segment focuses on identifying, managing and creating lasting value for its investors. The Company manages a number of global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a real estate investment trust (BXMT). The Companys Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.

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