Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Blackrock Inc shares valued at $10,726,365 were sold by Kushel J. Richard on Jan 30 ’25. At $1072.64 per share, Kushel J. Richard sold 10,000 shares. The insider’s holdings dropped to 68,433 shares worth approximately $64.66 million following the completion of this transaction.
Also, Kushel J. Richard purchased 10,000 shares, netting a total of over 10,726,365 in proceeds.
Before that, Kushel J. Richard had sold 10,000 shares from its account. In a trade valued at $10,100,000, the Senior Managing Director traded Blackrock Inc shares for $1010.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $64.66 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 drop of approximately -4.50%. Over the course of the year, Blackrock Inc shares have dropped approximately -7.83%. Shares of the company reached a 52-week high of $1,084.22 on 01/31/25 and a 52-week low of $943.34 on 01/13/25. A 50-day SMA is recorded $1,008.11, while a 200-day SMA reached $924.74. Nevertheless, trading volume fell to 0.67 million shares from 0.61 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 935.60, which, if violated, would cause prices to drop to 926.30. In the upper region, resistance lies at 962.09. The next price resistance is at 979.28. RSI (Relative Strength Index) is 33.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -21.42, which suggests the price will decrease in the coming days. Percent R is at 98.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
