BlackRock CEO Sold $24 Million of Stock as Insider Sales Up

(Bloomberg) — BlackRock Inc. Chief Executive Officer Larry Fink sold $24.2 million of stock in the world’s largest asset manager, bringing his sales this year to $74.4 million.Fink 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. Almost 1,000 corporate executives and officers have sold shares …read more

Source:: Yahoo Finance

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