The recent stock market crash impacted even experts from large financial institutions which were made to rethink their holdings, such as BlackRock (NYSE: BLK) and its CEO Larry Fink.
Namely, on August 6, Fink sold 148,450 BLK shares in eleven separate transactions at an average price of $845 per share for a total profit of $24,833,598.
Fink was one of the most active insider traders of BLK stock
In his previous two trades, which were conducted on May 20 and February 28, Fink sold the same amount of shares in both instances–30,978; however, profits varied, as his February sale brought him $25,089,571, and May one amounted to $25,008,124.
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These three trades make him the most active and profitable BlackRock stock insider trader in 2024.
Second place goes to CFO Martin Small, who earned $4,436,625 by selling 5,642 BLK shares on February 2.
Division Managing Director J. Richard Kushel earned $2,509,007 by selling on February 2 and 5, placing him third on the insider profit list.
Notably, BlackRock stock generally enjoyed confidence from its insiders, as there were only 11 sales during 2024, including the latest by the CEO.
BlackRock stock price chart
Worth over $126 billion, BlackRock is a stable multinational investment company whose stock price chart reflects this.
BLK stock closed the latest trading session at a valuation of $854.83 after adding 1.78%, which helped it mitigate losses of 0.02% from the previous five trading days.
Zooming out, BLK shares show a steady progress of 6.81% on the year-to-date (YTD) price chart.
This is why Fink’s most recent sale and two previous identical sales were most probably profit-taking oriented and shouldn’t be taken in the context of broader stock market performance.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
