Bank of New York Mellon Corporation (The) (BK) Moves Higher on Volume Spike for March 15

Equities Staff  |

Bank of New York Mellon Corporation (The) (BK) traded on unusually high volume on Mar. 15, as the stock gained 0.68% to close at $53.12. On the day, Bank of New York Mellon Corporation (The) saw 9.48 million shares trade hands on 28,004 trades. Considering that the stock averages only a daily volume of 3.91 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 $58.22 and $43.67 over the last 52-weeks, its 50-day SMA is now $51.47, and its 200-day SMA $51.16. Bank of New York Mellon Corporation (The) has a P/B ratio of 1.37. It also has a P/E ratio of 13.

Bank of New York Mellon Corp is a global investment company involved in the management and servicing of financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors, and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with over $32 trillion in under custody and administration, and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investment.

Headquartered in New York, NY, Bank of New York Mellon Corporation (The) has 51,300 employees and is currently under the leadership of CEO Charles W. Scharf.

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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