New Surges to 256th in Trading Volume as BK Tumbles 1.64% Despite Record Revenue and EPS Growth

On August 13, 2025, New recorded a trading volume of $0.47 billion, a 57.3% increase from the previous day, ranking it 256th among stocks traded that day. Meanwhile, Bank of New York Mellon (BK) fell 1.64%.

Bank of New York Mellon’s recent volatility reflects divergent investor sentiment despite strong quarterly results. The stock’s 1.64% decline contrasts with a 28.5% year-over-year earnings per share (EPS) increase and a record $5 billion revenue quarter. Analysts remain divided, with 8 'Strong Buy' ratings but recent erosion in bullish sentiment. Strategic moves into tokenized assets and a partnership with OpenEden to manage tokenized U.S. Treasury Bills highlight innovation efforts, yet sector-wide concerns over interest rate sensitivity and regulatory pressures persist.

Technical indicators suggest a short-term bearish bias amid a long-term bullish trend. The stock tested its 30-day support level at $102.05 and faces critical resistance near its 52-week high of $104.47. Key levels to monitor include the 200-day moving average at $85.05 and the lower Bollinger Band at $96.56. Options activity underscores strategic positioning around $97–$98 strike prices, with high leverage and liquidity favoring short-term traders seeking rebounds above these thresholds.

The backtest of BK's performance after an intraday plunge of -3% shows favorable results. The 3-Day win rate is 57.09%, the 10-Day win rate is 64.36%, and the 30-Day win rate is 67.82%. Additionally, the maximum return during the backtest period was 6.31%, indicating that BK has the potential for positive gains in the short to medium term following a significant downturn.