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 $ 6.7 million.
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.
Wolfe Research downgraded its Bank Of New York Mellon Corp [BK] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early December from “an Equal-weight” to “an Overweight”. Deutsche Bank also remained covering BK and has increased its forecast on September 23, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup revised its rating on July 15, 2024. It rated BK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BK
On Tuesday, Bank Of New York Mellon Corp [NYSE:BK] saw its stock jump 1.21% to $88.90. Over the last five days, the stock has gained 4.55%. Bank Of New York Mellon Corp shares have risen nearly 15.71% since the year began. Nevertheless, the stocks have risen 63.18% over the past one year. While a 52-week high of $88.25 was reached on 02/18/25, a 52-week low of $52.64 was recorded on 01/13/25. SMA at 50 days reached $81.52, while 200 days put it at $70.71.
Levels Of Support And Resistance For BK Stock
The 24-hour chart illustrates a support level at 88.19, which if violated will result in even more drops to 87.49. On the upside, there is a resistance level at 89.52. A further resistance level may holdings at 90.15. The Relative Strength Index (RSI) on the 14-day chart is 71.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.49%. Stochastics %K at 90.76% indicates the stock is a selling.
