Tuesday, November 07, 2017 10:15 PM ET
Bank of New York Mellon (BK) sees Significant Insider Selling Continuing
A significant insider sale of the shares of Bank of New York Mellon was disclosed in a form 4 document filed with the SEC today, showing — Brian T Shea, Officer — sold 22,228 shares in the company having a market value of approximately $1,139,378. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 15,867,255 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 15,889,483 shares and have averaged 3,972,371 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Bank of New York Mellon is higher than the 31-company peer group average. Investment Management & Fund Operators peer group saw 43 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Bank of New York Mellon insiders was also higher. Within the peer group there were 316,672 shares purchased and 16,176,445 shares sold with company insiders having sold 368,832 shares on average.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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