Shares of Bank Of New York Mellon Corporation (The) (BK) Sees Large Outflow of Money

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 (5.53 million) in Bank Of New York Mellon Corporation (The) (BK). On Thursday, The value of composite uptick trades was $13.98 million, whereas, the value of composite downtick trades was $19.51 million and the ratio between the two was 0.72, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $3.52 million. The negative money flow of ($3.52 million) shows selling on strength. Bank Of New York Mellon Corporation (The) (BK) gained $0.28 intraday at $39.69 and registrered 0.71% for the week.


The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 0.97%. Shares have dropped -8.94% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $45.45 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $40.17 and the 200 Day Moving Average price is recorded at $38.17.

Bank Of New York Mellon Corporation (The) (NYSE:BK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.67 and $39.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.69, notching a gain of 0.71% for the day. The total traded volume was 3,866,496 . The stock had closed at $39.41 on the previous day.

In an insider trading activity, Hassell Gerald L, director officer (Chairman & CEO) of Bank Of New York Mellon Corp, unloaded 24,598 shares at an average price of $40.76 on May 19, 2016. The total amount of the transaction was worth $1,002,614, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *