The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Blackrock Inc shares valued at $37,851,104 were sold by Wiedman Mark on Dec 06 ’24. At $1045.90 per share, Wiedman Mark sold 36,190 shares. The insider’s holdings dropped to 6,480 shares worth approximately $6.57 million following the completion of this transaction.
Also, Meade Christopher J. sold 18,000 shares, netting a total of over 18,824,988 in proceeds. Following the sale of shares at $1045.83 each, the insider now holds 8,628 shares.
Before that, Goldstein Robert L. had sold 54,000 shares from its account. In a trade valued at $56,485,636, the Chief Operating Officer traded Blackrock Inc shares for $1046.03 each. Upon closing the transaction, the insider’s holdings decreased to 54,000 shares, worth approximately $42.47 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Blackrock Inc [BLK] has been an Overweight and the price target has been revised to $1000. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of January 16, 2024, TD Cowen has increased its “Market perform” rating to a “an Outperform” for BLK. Earlier on December 15, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for BLK stock which previously was a “an Overweight”.
Analyzing BLK Stock Performance
During the last five days, there has been a surge of approximately 3.31%. Over the course of the year, Blackrock Inc shares have dropped approximately -1.16%. Shares of the company reached a 52-week high of $1,032.10 on 01/02/25 and a 52-week low of $943.34 on 01/13/25. A 50-day SMA is recorded $1,027.49, while a 200-day SMA reached $892.01. Nevertheless, trading volume fell to 1.13 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for Blackrock Inc (BLK)
According to the 24-hour chart, there is a support level at 994.30, which, if violated, would cause prices to drop to 975.43. In the upper region, resistance lies at 1,028.75. The next price resistance is at 1,044.33. RSI (Relative Strength Index) is 50.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -30.78, which suggests the price will decrease in the coming days. Percent R is at 38.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
