Large Outflow of Money Witnessed in Bank Of New York Mellon Corporation (The)

Bank Of New York Mellon Corporation (The) (BK) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.27 million) in Bank Of New York Mellon Corporation (The) (BK). On Monday, The value of composite uptick trades was $10.34 million, whereas, the value of composite downtick trades was $14.62 million and the ratio between the two was 0.71, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $3.58 million. The negative money flow of ($3.58 million) shows selling on strength. Bank Of New York Mellon Corporation (The) (BK) gained $0.16 intraday at $39.95 and registrered 0.39% for the week.


The Bank of New York Mellon Corporation is up 4.67% in the last 3-month period. Year-to-Date the stock performance stands at -2.25%. Shares of The Bank of New York Mellon Corporation appreciated by 3.47% during the last five trading days but lost 0.57% on a 4-week basis. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman & CEO) of Bank Of New York Mellon Corp, Hassell Gerald L had sold 24,598 shares worth of $1,002,614 in a transaction dated May 19, 2016. In this transaction, 24,598 shares were sold at $40.76 per share.

Bank Of New York Mellon Corporation (The) (NYSE:BK): stock turned positive on Monday. Though the stock opened at $39.86, the bulls momentum made the stock top out at $40.02 level for the day. The stock recorded a low of $39.67 and closed the trading day at $39.93, in the green by 0.35%. The total traded volume for the day was 3,433,745. The stock had closed at $39.79 in the previous days trading.

The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses, Investment Management and Investment Services, it serves institutions, corporations and high net worth individuals. For institutions and corporations, it provides investment management, trust and custody, foreign exchange, fund administration, global collateral services, securities lending, depositary receipts, corporate trust, global payment/cash management, banking services and clearing services. For individuals, it provides mutual funds, separate accounts, wealth management and private banking services. BNY Mellons investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31, 2014.

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