Published on 10 Apr 2024 on Simply Wall St. via Yahoo Finance
Insiders At Bank of New York Mellon Sold US$5.1m In Stock, Alluding To Potential Weakness
The fact that multiple The Bank of New York Mellon Corporation (NYSE:BK) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, if numerous insiders are selling, shareholders should investigate more.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Bank of New York Mellon