BlackRock CEO Larry Fink sells monstrous amount of $BLK, here's why this might be bearish signal w/ TrendSpider BlackRock
As noticed by the analytical software platform TrendSpider, Fink is not the only director of BlackRock to get rid of his shares. Senior management director Richard Kushel also sold 3,000 shares worth $2.08 million. In February 2023, Kushel sold four portions of his BLK shares: In total, he released 6,382 shares into the market.
Many analysts noticed that Fink typically sells his BLK before major recession events. Namely, the member of the WEF's Board of Trustees was aggressively selling in January-February 2020 before the global panic-driven stocks sell-off raged. In two events, he unloaded over 91,000 shares. However, one week ago, Fink claimed that he was not expecting a big recession to come. He made such statements during his last appearance on CNBC's Squawk on the Street show.
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