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Stocks In The News - NYSE.(A)
BlackRock made its debut Oct. 1, 1999, at $14. The stock then gained 284% from late October to early December. After hitting a high of 48 on Dec. 8, it pulledback. It's currently working on the right side of an eight-week base, sitting 11% off its high.
After spending more than six weeks below its 50-day moving average, the stock closed above the line on Friday.
The investment firm is a thinly traded stock, averaging 63,000 shares a day. But
sponsorship has picked up in the past four quarters to 47 mutual funds owning 2.21 million shares from 10 funds with 505,000 shares.
Earnings growth has been 17% or higher in the past four quarters. Last month, the firm reported fourth-quarter ...
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