Is BlackRock, Inc. (BLK) a Stock to Watch After Losing -1.40% This Week?

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

BlackRock, Inc. has a Bearish 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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With BLK Stock Today?

BlackRock, Inc. (BLK) stock is trading at $877.95 as of 12:51 PM on Thursday, Sep 23, an increase of $27.04, or 3.18% from the previous closing price of $850.91. The stock has traded between $860.89 and $878.06 so far today. Volume today is low. So far 194,164 shares have traded compared to average volume of 444,510 shares. To screen for more stocks like 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.