Larry Fink has sold some shares in BlackRock [profile], according to a Bloomberg report — yet reporter Alexis Leondis fails to say whether the sale is part of a planned sell-off strategy or an unplanned sale.

The co-founder of the mutual fund shop sold 3,666 shares with an average value of $286.08, and 48,950 shares at $285.

The sale is worth approximately $15 million in total, while Fink still owns 1.28 million shares worth around $357 million.

Whether or not the sale was just intended to create liquidity for Fink versus a result of the CEO losing confidence in his stock would obviously the import of the news.

Check out the original story here.  

Edited by: Ben Geier


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