BlackRock Inc. Chief Executive Officer Larry disposed of 41,706 shares — about 5% of his stake in the business — at an average price of $580.29 on July 21, according to a regulatory filing. The filings didn’t indicate that his sales this year were made under a pre-scheduled trading plan.The latest disposal comes as corporate insiders, whose buying accurately signaled the market bottom in March, are now mostly sellers.
“For our economy to be fully operational again it can’t be this bipolar economy,” the CEO said. “There’s been a lot of healing, and that’s what the market is reflecting, but there’s still a great component of our economy that hasn’t healed and is still struggling.” BlackRock shares have jumped 16% this year and the company reported this month a rebound in flows to products such as mutual funds and exchange-traded funds.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Tesla Growth Is Musk’s Goal After Profit Positions Stock for S&PTesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Tito Mboweni: ‘No commitment from the government to fund SAA rescue plan’The SAA business rescue plan requires more than R10bn in funding. The government wants to ‘mobilise funding’ for SAA by possibly approaching strategic equity partners, local and global investment institutions, and managers of pension savings to inject money into a new and restructured airline.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: UCT study finds soaring prices for illicit cigarettes burn smokers, suggests sin tax hikeThe second online survey of smokers under lockdown by UCT’s Research Unit on the Economics of Excisable Products (Reep) has found that the price of cigarettes has soared 250% since licit sales were banned in March, and that steep prices are the biggest incentive for quitting. It recommends the government lift the ban and raise sin taxes.
Source: dailymaverick - 🏆 3. / 84 Read more »