Monday, February 26, 2018 10:15 PM ET
Insider at Bank of New York Mellon (BK) Makes Significant Sale of Stock
A filing with the SEC today indicated a substantial insider sale of Bank of New York Mellon shares as — Bridget E Engle, Officer — disposed of 38,928 shares in the company having a market value of approximately $2,203,948. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Bank of New York Mellon is near the 31 member peer company average. The Investment Management & Fund Operators peer group saw 42 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares per buy/sell trade transacted by Bank of New York Mellon insiders is higher. Within the peer group there were 40,008 shares purchased and 1,025,427 shares sold with company insiders selling 23,462 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to create and write this story.
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