Large Outflow of Money Witnessed in Bank Of New York Mellon Corporation (The)

Bank Of New York Mellon Corporation (The) (BK) : Tuesdays money flow analysis of Bank Of New York Mellon Corporation (The) (BK) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $74.33 million. In comparison, the inflow of money on upticks was a meager $19.38 million. The dollar value of composite uptick trades minus the downtick trades was negative $54.95 million. The uptick to downtick ratio of 0.26 in the money flow shows weakness. The uptick block trades were valued at $4.01 million. The downtick transaction value was high at $57.45 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.07. Hence, the net money flow in the stock was negative ($53.43 million). Bank Of New York Mellon Corporation (The) (BK) gained $0.78 at $39.37, a change of 2.02% over the previous days close.

Bank

The company Insiders own 3.4% of Bank Of New York Mellon Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.35% . Institutional Investors own 83.16% of Bank Of New York Mellon Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -19.35%. In an insider trading activity, Hassell Gerald L, director officer (Chairman & CEO) of Bank Of New York Mellon Corp, unloaded 24,598 shares at an average price of $40.76 on May 19, 2016. The total amount of the transaction was worth $1,002,614, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of The Bank of New York Mellon Corporation appreciated by 6.03% during the last five trading days but lost 4.53% on a 4-week basis. The Bank of New York Mellon Corporation is up 9.43% in the last 3-month period. Year-to-Date the stock performance stands at -3.62%.

Bank Of New York Mellon Corporation (The) (NYSE:BK): stock turned positive on Tuesday. Though the stock opened at $39.05, the bulls momentum made the stock top out at $39.46 level for the day. The stock recorded a low of $39.03 and closed the trading day at $39.37, in the green by 2.02%. The total traded volume for the day was 5,769,157. The stock had closed at $38.59 in the previous days trading.

The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses, Investment Management and Investment Services, it serves institutions, corporations and high net worth individuals. For institutions and corporations, it provides investment management, trust and custody, foreign exchange, fund administration, global collateral services, securities lending, depositary receipts, corporate trust, global payment/cash management, banking services and clearing services. For individuals, it provides mutual funds, separate accounts, wealth management and private banking services. BNY Mellons investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31, 2014.

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