‎“Black Rock” CEO sells 7% of his holdings in the company

A disclosure by BlackRock Asset Management Company revealed that its CEO, Larry Fink, sold 7% of his holdings in the company.

According to the disclosure issued on Friday, the twenty-first of April, the total shares sold by Fink amounted to 36,000, and that the sale was carried out on Tuesday.

The selling prices ranged between $694 and $696.3 per share, with a total value of $24.9 million, according to CNBC.

Fink said in statements last week that he did not expect the US economy to stagnate in 2023, and that this could happen in early 2024.

Fink stressed that the chance of an economic recession depends on the Fed’s fight against inflation

Last week, BlackRock revealed an increase in the value of assets managed by it by about $500 billion to $9.1 trillion in the first quarter of this year.