BlackRock, Inc. (BLK) Stock: What Does the Chart Say Thursday?

The market has been high on BlackRock, Inc. (BLK) stock recently. BLK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

BlackRock, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BLK!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BLK Stock Today?

BlackRock, Inc. (BLK) stock is trading at $883.81 as of 11:58 AM on Thursday, Oct 14, a rise of $15.93, or 1.84% from the previous closing price of $867.88. The stock has traded between $867.25 and $883.81 so far today. Volume today is less active than usual. So far 259,609 shares have traded compared to average volume of 550,741 shares. To see InvestorsObserver's Sentiment Score for BlackRock, Inc. click here.

More About BlackRock, Inc.

BlackRock is one of the largest asset managers in the world, with $9.496 trillion in AUM at the end of June 2021. Product mix is fairly diverse, with 53% of the firm's managed assets in equity strategies, 28% in fixed income, 8% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's iShares ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada. Click Here to get the full Stock Report for BlackRock, Inc. stock.