In a filing, Blackrock Inc revealed its Senior Managing Director Wiedman Mark unloaded Company’s shares for reported $37.85 million on Dec 06 ’24. In the deal valued at $1045.90 per share,36,190 shares were sold. As a result of this transaction, Wiedman Mark now holds 6,480 shares worth roughly $6.56 million.
Then, Meade Christopher J. sold 18,000 shares, generating $18,824,988 in total proceeds. Upon selling the shares at $1045.83, the General Counsel and CLO now owns 8,628 shares.
Before that, Goldstein Robert L. sold 54,000 shares. Blackrock Inc shares valued at $56,485,636 were divested by the Chief Operating Officer at a price of $1046.03 per share. As a result of the transaction, Goldstein Robert L. now holds 41,916 shares, worth roughly $42.45 million.
Wells Fargo initiated its Blackrock Inc [BLK] rating to an Overweight in a research note published on September 12, 2024; the price target was $1000. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. TD Cowen also remained covering BLK and has increased its forecast on January 16, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. JP Morgan revised its rating on December 15, 2023. It rated BLK as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of BLK
On Monday, Blackrock Inc [NYSE:BLK] saw its stock fall -0.79% to $1012.74. Over the last five days, the stock has lost -3.01%. Blackrock Inc shares have fallen nearly -1.21% since the year began. Nevertheless, the stocks have risen 28.86% over the past one year. While a 52-week high of $1082.45 was reached on 01/02/25, a 52-week low of $745.55 was recorded on 01/03/25. SMA at 50 days reached $1,028.18, while 200 days put it at $887.60.
Levels Of Support And Resistance For BLK Stock
The 24-hour chart illustrates a support level at 1,006.35, which if violated will result in even more drops to 999.96. On the upside, there is a resistance level at 1,024.27. A further resistance level may holdings at 1,035.80. The Relative Strength Index (RSI) on the 14-day chart is 41.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.62%. Stochastics %K at 21.24% indicates the stock is a holding.
How much short interest is there in Blackrock Inc?
A steep rise in short interest was recorded in Blackrock Inc stocks on 2024-12-13, dropping by -0.56 million shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.14 million shares. There was a decline of -35.31%, which implies that there is a negative sentiment for the stock.
