MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 3, 2013 Fink Sells Shares, Yet It's Unclear Why Larry Fink has sold some shares in BlackRock [profile], according to a Bloomberg report — yet reporter Alexis Leondis fails to say whether the sale is part of a planned sell-off strategy or an unplanned sale. The co-founder of the mutual fund shop sold 3,666 shares with an average value of $286.08, and 48,950 shares at $285. The sale is worth approximately $15 million in total, while Fink still owns 1.28 million shares worth around $357 million. Whether or not the sale was just intended to create liquidity for Fink versus a result of the CEO losing confidence in his stock would obviously the import of the news. Check out the original story here. Printed from: MFWire.com/story.asp?s=44051 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |