In a filing, Bank Of New York Mellon Corp revealed its SEVP & General Counsel McCarthy J Kevin unloaded Company’s shares for reported $1.91 million on Oct 15 ’24. In the deal valued at $76.31 per share,25,000 shares were sold. As a result of this transaction, McCarthy J Kevin now holds 75,404 shares worth roughly $5.93 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Smits Hanneke sold 16,475 shares, generating $1,259,869 in total proceeds. Upon selling the shares at $76.47, the Sr. Exec. Vice President now owns 157,455 shares.
Before that, McCarthy J Kevin bought 25,000 shares. Bank Of New York Mellon Corp shares valued at $1,912,750 were divested by the Officer at a price of $76.51 per share.
Deutsche Bank upgraded its Bank Of New York Mellon Corp [BK] rating to a Buy from a a Hold in a research note published on September 23, 2024; the price target was increased to $80 from $66. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Keefe Bruyette also remained covering BK and has increased its forecast on June 27, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Morgan Stanley revised its rating on January 30, 2024. It rated BK as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of BK
On Monday, Bank Of New York Mellon Corp [NYSE:BK] saw its stock jump 0.46% to $78.65. Over the last five days, the stock has lost -0.04%. Bank Of New York Mellon Corp shares have risen nearly 51.10% since the year began. Nevertheless, the stocks have risen 69.21% over the past one year. While a 52-week high of $80.29 was reached on 11/06/24, a 52-week low of $46.04 was recorded on 01/03/24. SMA at 50 days reached $74.21, while 200 days put it at $63.07.
Levels Of Support And Resistance For BK Stock
The 24-hour chart illustrates a support level at 78.12, which if violated will result in even more drops to 77.59. On the upside, there is a resistance level at 78.93. A further resistance level may holdings at 79.21. The Relative Strength Index (RSI) on the 14-day chart is 63.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.38%. Stochastics %K at 64.61% 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 2024-10-31, dropping by -0.7 million shares to a total of 8.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.73 million shares. There was a decline of -8.66%, which implies that there is a negative sentiment for the stock.
