Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blackrock Inc shares valued at $763,813 were purchased by BlackRock, Inc. on Mar 24 ’25. At $16.34 per share, BlackRock, Inc. acquired 46,745 shares. The insider’s holdings grew to 1,223,545 shares worth approximately $1.06 billion following the completion of this transaction.
Also, BlackRock, Inc. purchased 101,600 shares, netting a total of over 1,645,920 in proceeds. Following the buying of shares at $16.20 each, the insider now holds 1,176,800 shares.
Before that, BlackRock, Inc. had added 101,600 shares to its account. In a trade valued at $1,657,096, the bought Blackrock Inc shares for $16.31 each. Upon closing the transaction, the insider’s holdings increased to 101,600 shares, worth approximately $930.89 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 -3.49%. Over the course of the year, Blackrock Inc shares have dropped approximately -15.54%. Shares of the company reached a 52-week high of $1,084.22 on 01/31/25 and a 52-week low of $773.74 on 04/07/25. A 50-day SMA is recorded $941.24, while a 200-day SMA reached $948.39.
Support And Resistance Levels for Blackrock Inc (BLK)
According to the 24-hour chart, there is a support level at 851.70, which, if violated, would cause prices to drop to 837.62. In the upper region, resistance lies at 883.38. The next price resistance is at 900.97. RSI (Relative Strength Index) is 41.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.85, which suggests the price will decrease in the coming days. Percent R is at 52.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
