Bank Of New York Mellon Corp’s recently made public that its SEVP & General Counsel McCarthy J Kevin unloaded Company’s shares for reported $2.25 million on Apr 19 ’24. In the deal valued at $56.15 per share,40,000 shares were sold. As a result of this transaction, McCarthy J Kevin now holds 100,404 shares worth roughly $5.77 million.
Then, Keating Catherine sold 54,070 shares, generating $2,967,362 in total proceeds. Upon selling the shares at $54.88, the Sr. Exec. Vice President now owns 78,350 shares.
Before that, Keating Catherine sold 4,498 shares. Bank Of New York Mellon Corp shares valued at $246,530 were divested by the Sr. Exec. Vice President at a price of $54.81 per share. As a result of the transaction, Keating Catherine now holds 123,490 shares, worth roughly $7.1 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 0.84% to $57.48. Over the last five days, the stock has gained 0.26%. Bank Of New York Mellon Corp shares have risen nearly 10.43% since the year began. Nevertheless, the stocks have risen 43.41% 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 $56.16, while 200 days put it at $49.78. A total of 2.4 million shares were traded, compared to the trading of 2.21 million shares in the previous session.
Levels Of Support And Resistance For BK Stock
The 24-hour chart illustrates a support level at 57.11, which if violated will result in even more drops to 56.73. On the upside, there is a resistance level at 57.73. A further resistance level may holdings at 57.97. The Relative Strength Index (RSI) on the 14-day chart is 58.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.50%. Stochastics %K at 80.48% indicates the stock is a selling.
