DJ Bank Of New York Mellon Corp. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Bank of New York Mellon Corp. $(BK)$ shed 1.47% to $56.49 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.57% to 5,035.69 and Dow Jones Industrial Average falling 1.49% to 37,815.92.
The stock's fall snapped a two-day winning streak.
Bank of New York Mellon Corp. closed $1.79 below its 52-week high ($58.28), which the company reached on April 4th.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. $(JPM)$ fell 0.80% to $191.74, Wells Fargo & Co. $(WFC)$ fell 0.80% to $59.32, and Morgan Stanley $(MS)$ fell 1.38% to $90.84.
Trading volume (3.3 M) remained 337,725 below its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 30, 2024.
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(END) Dow Jones Newswires
April 30, 2024 16:56 ET (20:56 GMT)
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