Blackstone Stock Plummets 18.68% in Four Days, Trading Volume Ranks 83rd

On April 8, 2025, Blackstone (BX) experienced a significant decline, with its stock price dropping by 3.67%. This marks the fourth consecutive day of decline, resulting in a total decrease of 18.68% over the past four days. The trading volume for the day was substantial, reaching $1.382 billion, placing Blackstone at the 83rd position in terms of trading volume for the day.

Piper Sandler analyst Crispin Love maintained a Hold rating on Blackstone Group, indicating a cautious outlook on the stock's near-term performance. This rating suggests that while the stock may not be undervalued, it is also not overvalued, and investors should consider holding their positions rather than buying or selling.

Citi analyst Christopher Allen lowered the firm's price target on Blackstone to $137 from $190, while keeping a Neutral rating on the shares. This adjustment reflects a more conservative view on the stock's potential upside, possibly due to recent market volatility or changes in the company's fundamentals.

Wells Fargo also adjusted its price target on Blackstone, lowering it to $139 from $160. This move aligns with the broader trend of analysts revising their expectations for the stock, indicating a shift in sentiment towards a more cautious stance.

Edgewood Management LLC reduced its stake in Blackstone by 14.1% during the fourth quarter, according to its most recent filing. This reduction in holdings could be a sign of institutional investors rebalancing their portfolios or adjusting their positions based on changing market conditions.