Bank Of New York Mellon Corp’s recently made public that its SEVP & General Counsel McCarthy J Kevin unloaded Company’s shares for reported $2.37 million on Apr 29 ’25. In the deal valued at $79.03 per share,30,000 shares were sold. As a result of this transaction, McCarthy J Kevin now holds 55,115 shares worth roughly $4.97 million.
Then, McCarthy J. Kevin bought 30,000 shares, generating $2,367,300 in total proceeds.
Before that, Kurimsky Kurtis R. sold 5,641 shares. Bank Of New York Mellon Corp shares valued at $437,206 were divested by the Corporate Controller at a price of $77.50 per share. As a result of the transaction, Kurimsky Kurtis R. now holds 21,679 shares, worth roughly $1.96 million.
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 1.28% to $90.23. Over the last five days, the stock has lost -0.11%. Bank Of New York Mellon Corp shares have risen nearly 17.44% since the year began. Nevertheless, the stocks have risen 53.01% over the past one year. While a 52-week high of $90.62 was reached on 05/19/25, a 52-week low of $57.18 was recorded on 04/07/25. SMA at 50 days reached $82.42, while 200 days put it at $78.50.
Levels Of Support And Resistance For BK Stock
The 24-hour chart illustrates a support level at 89.52, which if violated will result in even more drops to 88.82. On the upside, there is a resistance level at 90.60. A further resistance level may holdings at 90.98. The Relative Strength Index (RSI) on the 14-day chart is 71.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.12%. Stochastics %K at 87.53% indicates the stock is a selling.
