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Insider Selling: BlackRock (NYSE:BLK) CEO Sells 33,900 Shares of Stock
BlackRock CEO Laurence Fink sold 33,900 shares of company stock for over $35.6 million, reducing his holdings by 12.82%. This sale occurred shortly after BlackRock reported strong quarterly earnings, beating analyst estimates with $12.53 EPS and $6.70 billion in revenue. Despite recent insider selling pressure, analysts maintain a “Moderate Buy” rating, anticipating growth fueled by tokenization initiatives and the continued institutional adoption of BlackRock’s Bitcoin ETF.