In a filing, Blackrock Inc revealed its Senior Managing Director Kushel J. Richard unloaded Company’s shares for reported $10.73 million on Jan 30 ’25. In the deal valued at $1072.64 per share,10,000 shares were sold. As a result of this transaction, Kushel J. Richard now holds 68,433 shares worth roughly $ 66.92 million.
Then, Kushel J. Richard bought 10,000 shares, generating $10,726,365 in total proceeds.
Before that, Kushel J. Richard sold 10,000 shares. Blackrock Inc shares valued at $10,100,000 were divested by the Senior Managing Director at a price of $1010.00 per share. As a result of the transaction, Kushel J. Richard now holds 68,433 shares, worth roughly $66.92 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 Tuesday, Blackrock Inc [NYSE:BLK] saw its stock jump 0.40% to $977.86. Over the last five days, the stock has lost -0.78%. Blackrock Inc shares have fallen nearly -4.61% since the year began. Nevertheless, the stocks have risen 24.50% over the past one year. While a 52-week high of $1084.22 was reached on 01/31/25, a 52-week low of $745.55 was recorded on 01/13/25. SMA at 50 days reached $1,019.93, while 200 days put it at $917.92.
Levels Of Support And Resistance For BLK Stock
The 24-hour chart illustrates a support level at 965.33, which if violated will result in even more drops to 952.80. On the upside, there is a resistance level at 984.13. A further resistance level may holdings at 990.40. The Relative Strength Index (RSI) on the 14-day chart is 39.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -31.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.99%. Stochastics %K at 9.53% indicates the stock is a buying.
