Bank Of New York Mellon Corporation (The) (BK) has been under a strong bear grip, hence the stock is down -4.83% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.85% in the past 1 week. The stock has risen by 3.38% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.67% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 0.72%.
Bank Of New York Mellon Corporation (The) (NYSE:BK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.09 and $39.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.79, notching a gain of 0.25% for the day. The total traded volume was 3,946,248 . The stock had closed at $39.69 on the previous day.
The company Insiders own 3.4% of Bank Of New York Mellon Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.35% . Institutional Investors own 83.15% of Bank Of New York Mellon Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -19.35%. 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.
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.