Bank of New York Mellon Corporation (The) (BK) Moves Higher on Volume Spike for July 18

Equities Staff  |

Bank of New York Mellon Corporation (The) (BK) traded on unusually high volume on Jul. 18, as the stock gained 0.34% to close at $53.53. On the day, Bank of New York Mellon Corporation (The) saw 6.32 million shares trade hands on 32,815 trades. Considering that the stock averages only a daily volume of 4.14 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $53.54 and $38.53 over the last 52-weeks, its 50-day SMA is now $49.00, and its 200-day SMA $46.49. Bank of New York Mellon Corporation (The) has a P/B ratio of 1.56. It also has a P/E ratio of 16.4.

Bank of New York Mellon Corporation is an investment company. The company provides investment management, investment services and wealth management that help institutions and individuals succeed in markets all over the world.

Headquartered in New York, NY, Bank of New York Mellon Corporation (The) has 52,600 employees and is currently under the leadership of CEO Gerald L. Hassell.

For a complete fundamental analysis analysis of Bank of New York Mellon Corporation (The), check out Equities.com’s Stock Valuation Analysis report for BK.

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To get more information on Bank of New York Mellon Corporation (The) and to follow the company’s latest updates, you can visit the company’s profile page here: BK’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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