BlackRock Inc. (BLK) Dips 4.44% for October 16

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday October 16 was BlackRock Inc. (BLK). The stock experienced a 4.44% decline to $408.00 with 1.99 million shares changing hands.

BlackRock Inc. started at an opening price of 410.00 and hit a high of $416.36 and a low of $402.59. Ultimately, the stock took a hit and finished the day at $18.94 per share. BlackRock Inc. trades an average of 652,414 shares a day out of a total 160.55 million shares outstanding. The current moving averages are a 50-day SMA of $471.03 and a 200-day SMA of $512.20. BlackRock Inc. hit a high of $594.52 and a low of $415.35 over the last year.

BlackRock Inc provides investment management services to institutional clients and to individual investors. Its products include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments.

With its headquarters located in New York, NY, BlackRock Inc. employs 14,100 people. After today’s trading, the company’s market cap has fallen to $65.5 billionAs for its value, has a P/E ratio of <12.9, a P/S of 6.59, a P/B of 2.04, and a P/FCF of 60.2.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on BlackRock Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: BLK’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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