The market has been high on Bank of New York Mellon Corp (BK) stock recently. BK gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With BK Stock Today?
Bank of New York Mellon Corp (BK) stock is trading at $37.24 as of 1:16 PM on Thursday, Jul 9, a drop of -$1.58, or -4.07% from the previous closing price of $38.82. The stock has traded between $37.02 and $38.77 so far today. Volume today is light. So far 2,729,486 shares have traded compared to average volume of 5,767,868 shares.
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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.
