Bank Of New York Mellon Corp’s recent filing unveils that 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 $5.92 million.
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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.
Morgan Stanley upgraded its Bank Of New York Mellon Corp [BK] rating to an Overweight from a an Equal-weight in a research note published on December 09, 2024; the price target was increased to $94 from $82. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late September from “a Hold” to “a Buy”. Citigroup also remained covering BK and has decreased its forecast on July 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on June 27, 2024. It rated BK as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of BK
On Tuesday, Bank Of New York Mellon Corp [NYSE:BK] saw its stock fall -0.80% to $78.45. Over the last five days, the stock has lost -2.69%. Bank Of New York Mellon Corp shares have risen nearly 50.72% since the year began. Nevertheless, the stocks have risen 51.95% over the past one year. While a 52-week high of $82.72 was reached on 11/29/24, a 52-week low of $50.87 was recorded on 01/03/24. SMA at 50 days reached $77.88, while 200 days put it at $65.56.
Levels Of Support And Resistance For BK Stock
The 24-hour chart illustrates a support level at 78.06, which if violated will result in even more drops to 77.67. On the upside, there is a resistance level at 79.06. A further resistance level may holdings at 79.67. The Relative Strength Index (RSI) on the 14-day chart is 45.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.17%. Stochastics %K at 7.75% indicates the stock is a buying.
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 2024-11-29, growing by 1.82 million shares to a total of 9.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.04 million shares. There was a rise of 18.46%, which implies that there is a positive sentiment for the stock.
