Is Bank of New York Mellon Corp (BK) Stock About to Get Hot Wednesday?

Wednesday, July 1, 2020 12:00 PM | InvestorsObserver Analysts

Bank of New York Mellon Corp (BK) stock has risen 1.32% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Bank of New York Mellon Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BK!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BK Stock Today?

Bank of New York Mellon Corp (BK) stock is down -2.43% while the S&P 500 has risen 1.54% as of 11:58 AM on Wednesday, Jul 1. BK is down -$0.94 from the previous closing price of $38.66 on volume of 1,632,221 shares. Over the past year the S&P 500 has risen 4.59% while BK is down -15.18%. BK earned $4.64 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.12.

To see InvestorsObserver's Sentiment Score for Bank of New York Mellon Corp click here.

More About Bank of New York Mellon Corp

BNY Mellon 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 $35 trillion in under custody and administration (as of March 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investment.

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