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Shares of Bank of New York Mellon Corp. (BK) slipped 2.53% to $39.67 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
Bank of New York Mellon Corp. closed $12.59 short of its 52-week high ($52.26), which the company achieved on February 14th.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) fell 0.67% to $134.32, Wells Fargo & Co. (WFC) fell 0.98% to $38.39, and Morgan Stanley (MS) fell 1.31% to $81.86.
Trading volume (3.4 M) remained 2.6 million below its 50-day average volume of 6.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 16:41 ET (20:41 GMT)
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