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

Bank Of New York Mellon Corporation (The) (BK) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($9.76 million) and the uptick to downtick ratio was 0.68. The transaction value on upticks was $20.8 million and on downticks, the transaction value was $30.57 million. The transaction value of block trades during downticks was $11.9 million. The money flow was negative ($11.9 million), indicating the traders were booking profit on the price strength. Bank Of New York Mellon Corporation (The) (BK) rose $0.45 at $37.76, during intraday Thursday , a rise of 1.21% over the previous days close.


Bank Of New York Mellon Corporation (The) (BK) : The highest short term price target forecast on Bank Of New York Mellon Corporation (The) (BK) is $51 and the lowest target price is $39. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $45.36 with a standard deviation of $3.29. The stock has recorded a 20-day Moving Average of 4.35% and the 50-Day Moving Average is 6.26%.

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 $37.29 and $37.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.76, notching a gain of 1.21% for the day. The total traded volume was 5,705,153 . The stock had closed at $37.31 on the previous day.

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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