BlackRock stock has tumbled this year, and director William E. Ford, the chairman and CEO of investment firm General Atlantic, scooped up shares of the asset manager on the open market.
BlackRock (ticker: BLK) has fallen 27% year to date, compared with a 9.6% decline for the S&P 500. The company’s fourth-quarter report in January was mixed, hurting shares. BlackRock CEO Larry Fink once again defended stakeholder capitalism during that month and warned that businesses needed to decarbonize. First-quarter earnings, reported…
Source: https://www.barrons.com/articles/blackrock-stock-buy-51650653125?siteid=yhoof2&yptr=yahoo