Bank Of New York Mellon Corp’s recent filing unveils that its Sr. Exec. Vice President Smits Hanneke unloaded Company’s shares for reported $0.96 million on Jul 18 ’24. In the deal valued at $64.11 per share,15,000 shares were sold. As a result of this transaction, Smits Hanneke now holds 173,930 shares worth roughly $12.27 million.
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Then, Santhanakrishnan Senthilkumar sold 15,643 shares, generating $901,772 in total proceeds. Upon selling the shares at $57.65, the Senior Exec VP now owns 144,721 shares.
Before that, Kurimsky Kurtis R. sold 6,215 shares. Bank Of New York Mellon Corp shares valued at $360,043 were divested by the Corporate Controller at a price of $57.93 per share. As a result of the transaction, Kurimsky Kurtis R. now holds 24,346 shares, worth roughly $1.72 million.
Citigroup downgraded its Bank Of New York Mellon Corp [BK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late June from “a Mkt perform” to “an Outperform”. Morgan Stanley also remained covering BK and has increased its forecast on January 30, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on December 18, 2023. It rated BK as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BK
On Monday, Bank Of New York Mellon Corp [NYSE:BK] saw its stock jump 2.66% to $70.53. Over the last five days, the stock has gained 4.15%. Bank Of New York Mellon Corp shares have risen nearly 35.50% since the year began. Nevertheless, the stocks have risen 53.93% over the past one year. While a 52-week high of $69.74 was reached on 09/16/24, a 52-week low of $39.66 was recorded on 01/03/24. SMA at 50 days reached $65.03, while 200 days put it at $58.01.
Levels Of Support And Resistance For BK Stock
The 24-hour chart illustrates a support level at 69.48, which if violated will result in even more drops to 68.44. On the upside, there is a resistance level at 71.09. A further resistance level may holdings at 71.66. The Relative Strength Index (RSI) on the 14-day chart is 71.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.74%. Stochastics %K at 89.39% indicates the stock is a selling.
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 2024-08-30, growing by 3.78 million shares to a total of 11.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.69 million shares. There was a rise of 32.97%, which implies that there is a positive sentiment for the stock.
