BlackRock Inc. (BLK) Rises 3.76% for March 26

Equities Staff  |

Among the biggest risers on the S&P 500 on Monday March 26 was BlackRock Inc. ($BLK), popping some 3.76% to a price of $540.72 a share with some 669,526 shares trading hands.

Starting the day trading at $529.90, BlackRock Inc. reached an intraday high of $541.57 and hit intraday lows of $525.57. Shares gained $19.59 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 569,050 of its 161.79 million share total float. Today’s action puts the stock’s 50-day SMA at $551.46 and 200-day SMA at $475.30 with a 52-week range of $368.00 to $594.52.

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.

BlackRock Inc. has its corporate headquarters located in New York, NY and employs 13,900 people. Its market cap has now risen to $87.48 billion after today’s trading, its P/E ratio is now 17.2, its P/S 6.59, P/B 2.75, and P/FCF 44.2.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of BlackRock Inc., check out Stock Valuation Analysis tool for BLK.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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’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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