Blackrock Inc’s recent filing unveils that its BlackRock, Inc. acquired Company’s shares for reported $1.64 million on Mar 17 ’25. In the deal valued at $16.18 per share,101,600 shares were bought. As a result of this transaction, BlackRock, Inc. now holds 770,400 shares worth roughly $738.04 million.
Then, BlackRock, Inc. bought 86,000 shares, generating $1,389,760 in total proceeds. Upon buying the shares at $16.16, the now owns 668,800 shares.
Before that, BlackRock, Inc. bought 86,000 shares. Blackrock Inc shares valued at $1,411,260 were divested by the at a price of $16.41 per share. As a result of the transaction, BlackRock, Inc. now holds 582,800 shares, worth roughly $558.32 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 jump 3.15% to $958.00. Over the last five days, the stock has gained 4.67%. Blackrock Inc shares have fallen nearly -6.55% since the year began. Nevertheless, the stocks have risen 15.98% 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 03/13/25. SMA at 50 days reached $984.36, while 200 days put it at $933.34.
Levels Of Support And Resistance For BLK Stock
The 24-hour chart illustrates a support level at 940.60, which if violated will result in even more drops to 923.19. On the upside, there is a resistance level at 968.17. A further resistance level may holdings at 978.34. The Relative Strength Index (RSI) on the 14-day chart is 49.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.44%. Stochastics %K at 33.28% 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 2025-02-28, growing by 67262.0 shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.57 million shares. There was a rise of 4.11%, which implies that there is a positive sentiment for the stock.
