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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.
BLK is down $1.99 to $167.10, a loss of 1.2%, as Bank of America
BAC and PNC
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.
HGG 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.
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Posted In: MoversAsset Management & Custody BanksComputer & Electronics RetailConsumer DiscretionaryFinancialsOther Diversified Financial ServicesRegional Banks
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