Bank Of New York Mellon Corp’s filing revealed that its Sr. Exec. Vice President Keating Catherine unloaded Company’s shares for reported $0.25 million on Feb 08 ’24. In the deal valued at $54.81 per share,4,498 shares were sold. As a result of this transaction, Keating Catherine now holds 123,490 shares worth roughly $7.04 million.
Then, Keating Catherine sold 31,322 shares, generating $1,723,072 in total proceeds. Upon selling the shares at $55.01, the Sr. Exec. Vice President now owns 95,714 shares.
Before that, Smits Hanneke sold 15,425 shares. Bank Of New York Mellon Corp shares valued at $850,786 were divested by the Sr. Exec. Vice President at a price of $55.16 per share. As a result of the transaction, Smits Hanneke now holds 119,656 shares, worth roughly $6.82 million.
Morgan Stanley upgraded its Bank Of New York Mellon Corp [BK] rating to an Equal-weight from a an Underweight in a research note published on January 30, 2024; the price target was increased to $62 from $52. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Wolfe Research revised its rating on January 04, 2023. It rated BK as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of BK
On Monday, Bank Of New York Mellon Corp [NYSE:BK] saw its stock jump 0.49% to $57.02. Over the last five days, the stock has gained 0.11%. Bank Of New York Mellon Corp shares have risen nearly 9.55% since the year began. Nevertheless, the stocks have risen 27.05% over the past one year. While a 52-week high of $58.28 was reached on 04/04/24, a 52-week low of $39.65 was recorded on 01/03/24. SMA at 50 days reached $55.72, while 200 days put it at $48.57. A total of 3.51 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For BK Stock
The 24-hour chart illustrates a support level at 56.70, which if violated will result in even more drops to 56.38. On the upside, there is a resistance level at 57.33. A further resistance level may holdings at 57.65. The Relative Strength Index (RSI) on the 14-day chart is 57.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.80%. Stochastics %K at 63.76% indicates the stock is a holding.
How much short interest is there in Bank Of New York Mellon Corp?
A steep rise in short interest was recorded in Bank Of New York Mellon Corp stocks on Mar 15, 2024, growing by 20000.0 shares to a total of 7.59 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.57 million shares. There was a rise of 0.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.89.
