Insider selling at The Bank of New York Mellon Co. may have contributed to a short-term forecast of -10.8% for the stock.
Stock AI’s forecasts:
🔴 -10.8% short-term ⬇️
🟢 +0.9% long-term ⬆️
Stock AI’s (BK) Forecast get (+5.9% Profit)
StockAI’s analysis delivers real-world results. On 18 March 2024, $BK ($54.4), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $57.6 (🟢5.9%). Buying BK on this signal yielded a +5.9% profit 💰💰.
BK-The Bank of New York Mellon Corporation News
🔴 The Bank of New York Mellon Co. insider sold 6,215 shares, potentially signaling lack of confidence in the stock.
🟢 Zacks Research increased Q2 2024 EPS estimates, indicating positive performance expectations.
🔴 Robeco Institutional Asset Management sold 51.0% of shares, possibly reflecting a bearish outlook.
🟢 Principal Securities Inc. acquired 17,573 shares, showing confidence in the stock’s future growth.
🔴 VP Senthilkumar Santhanakrishnan sold 15,643 shares, potentially indicating insider concerns.
🟢 US Bancorp DE increased its position by 17.4%, suggesting positive outlook.
The recent news surrounding The Bank of New York Mellon Corporation stock has been mixed, with insider selling and institutional trimming contrasting with increased EPS estimates and acquisitions. These developments can have a significant impact on the stock price in the short and long term.
The insider selling and institutional trimming may lead to a short-term decrease in the stock price as investors may interpret these actions as a lack of confidence in the company’s performance. However, the increased EPS estimates and acquisitions signal positive growth potential, which could lead to a long-term increase in the stock price.
Investors should carefully consider these factors and conduct thorough research before making any investment decisions regarding The Bank of New York Mellon Corporation stock. It is essential to weigh the potential risks and rewards associated with each news item to make informed investment choices.
BK-The Bank of New York Mellon Corporation Analyst Ratings
📉 Zacks Research analysts boosted their Q2 2024 EPS estimates for Bank of New York Mellon.
📈 Zacks Research increased their Q1 2025 earnings per share estimates for shares of Bank of New York Mellon.
📉 Glassman Wealth Services increased its position in The Bank of New York Mellon Co.
Sources:
1. Zacks Research
2. Glassman Wealth Services
3. Principal Securities Inc.
4. Summit Trail Advisors LLC
5. US Bancorp DE
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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