Bank Of New York Mellon Corporation (The) (BK) stock had a bullish inflow of $1.11 million worth of trades on uptick and an outflow of $0.33 million in downticks on Friday. The total uptick to downtick ratio stood at 3.36. The net money flow into the stock was $0.78 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.89 million. $0.89 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Bank Of New York Mellon Corporation (The) (BK) stock traded down $0.01 , and reached $41.46, a drop of -0.02% over the previous day. On a weekly basis, the stock is 1.49%, over the previous weeks close.
The company Insiders own 3.4% of Bank Of New York Mellon Corporation (The) shares according to the proxy statements. Institutional Investors own 83.17% 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, The Securities and Exchange Commission has divulged that Hassell Gerald L, director officer (Chairman & CEO) of Bank Of New York Mellon Corp, had unloaded 24,598 shares at an average price of $40.76 in a transaction dated on May 19, 2016. The total value of the transaction was worth $1,002,614.
Bank Of New York Mellon Corporation (The) (NYSE:BK): The stock opened at $41.58 and touched an intraday high of $41.76 on Friday. During the day, the stock corrected to an intraday low of $41.29, however, the bulls stepped in and pushed the price higher to close in the green at $41.65 with a gain of 0.43% for the day. The total traded volume for the day was 2,493,203. The stock had closed at $41.47 in the previous trading session.
Bank Of New York Mellon Corporation (The) (BK) : Traders are bullish on Bank Of New York Mellon Corporation (The) (BK) as it has outperformed the S&P 500 by a wide margin of 2.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.96% in the last 1 week, and is up 2.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.