2 Very Weak Stocks Today (BLK, HGG)

The broader markets are showing a little bit of weakness today, with the averages down around 0.3%. Compounding these losses, are a couple of stocks that are sharply weaker on significant volume, but for two very different reasons. BlackRock, Inc.

is down $1.99 to $167.10, a loss of 1.2%, as Bank of America

and PNC

finally unloaded their respective stakes in the asset manager, to the tune of $8.3 billion. BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. HHGregg, Inc.

is down nearly 10% this afternoon, losing $2.51 to $22.18 after the company reported weak earnings and a weaker outlook than expected. hhgregg, Inc. operates as a specialty retailer of consumer electronics, home appliances, and related services.