Bank of New York Mellon Corp. stock trades under the ticker BK & has shown recent bullishness that traders & investors should take a closer look into.
BK stock closed at $44.14/share on 9/9/2022.
Bank of New York Mellon Corp. BK Stock’s Technical Performance Broken Down
BK Stock Price: $44.14
10 Day Moving Average: $42.10
50 Day Moving Average: $42.76
200 Day Moving Average: $48.99
RSI: 59.9
MACD: -0.145
On Friday, BK stock completed a bullish MACD crossover, gapping up 0.73%.
Recent trading volumes have been below average for the year, and their RSI is on the overbought end of neutral, signaling that there is uncertainty in BK stock’s value for market participants.
They have support at $43.68 & $41.54/share, as they attempt to break out above the $44.38 & $44.46/share resistance levels.
Bank of New York Mellon Corp. BK Stock As A Long-Term Investment
Long-term oriented investors will like BK stock’s valuation metrics, with a 10.49 P/E (ttm) & a 0.92 P/B (mrq).
They recently reported 4% Quarterly Revenue Growth Y-o-Y, despite -15% Quarterly Earnings Growth Y-o-Y, which investors may want to look into before investing.
Investors are sure to find their balance sheet appealing, with $177.17B of Total Cash (mrq) & $67.76B of Total Debt (mrq).
BK stock pays a 3.1% dividend, which appears to be stable in the long-term, as they have a 34.69% payout ratio.
85.53% of BK stock’s outstanding share float is owned by institutional investors.
Bank of New York Mellon Corp. BK Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to protect themselves from market volatility, while profiting from price movements in BK stock.
I am looking at the options with the 10/21 expiration date.
The $35 & $40 calls are in-the-money, listed from highest to lowest level of open interest.
The $45 & $50 puts are also in-the-money, with the former being more liquid than the latter strike.
BK stock’s options have weekly expiration, so I expect these to become more liquid in the coming weeks as other expirations pass.
Tying It All Together
BK stock has many interesting characteristics that traders & investors are sure to like.
Investors will like their valuation, balance sheet & dividend yield.
Traders will like their current technical performance, as well as the liquidity of their options.
All-in-all, it is worth taking a closer look into BK stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF BK STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***