Equities Updates on Asset Management and Custody Banks -- Research on Bank of New York Mellon, Prospect Capital, Apollo Investment, and American Capital Editor Note: For more information about this release, please scroll to bottom
LONDON, July 2, 2014 /PRNewswire/ --
On Tuesday, July 01, 2014, the NASDAQ Composite ended at 4,458.65, up 1.14%, the Dow Jones Industrial Average finished the day 0.77% higher at 16,956.07, and the S&P 500 closed at 1,973.32, up 0.67%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 308.35, up 0.57%, and the index has advanced 2.86% in the last one month. Investor-Edge has initiated coverage on the following equities: The Bank of New York Mellon Corp. (NYSE: BK), Prospect Capital Corp. (NASDAQ: PSEC), Apollo Investment Corp. (NASDAQ: AINV) and American Capital Ltd (NASDAQ: ACAS). Free technical research on BK, PSEC, AINV and ACAS can be downloaded upon signing up at:
On Tuesday, shares in The Bank of New York Mellon Corp. recorded a trading volume of 10.11 million shares, higher than its three months average volume of 4.91 million shares. The stock finished the day at $37.90, up 1.12%, hitting a new 52-week high of $38.31. Shares of The Bank of New York Mellon Corp. have advanced 9.66% in the last one month and 7.03% in the previous three months. Also, the stock has surged 8.47% on YTD basis. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $34.75 is above its 200-day moving average of $33.24. Additionally, shares of the company traded at a PE ratio of 15.16 and have a Relative Strength Index (RSI) of 73.24. Sign up today to read free research on BK at:
Prospect Capital Corp.'s stock gained 0.61%, to close Tuesday's session at $10.69, after oscillating between $10.66 and $10.79. The stock recorded a trading volume of 5.58 million shares, below its three months average volume of 6.14 million shares. Over the past three trading sessions and last one month, Prospect Capital Corp.'s shares have advanced 1.91% and 7.55%, respectively. However, from the beginning of 2014, the company's stock has declined 4.72%. The stock is trading above its 50-day moving average. The company stock's 200-day moving average of $10.93 is above its 50-day moving average of $10.28. Further, the company's stock traded at a PE ratio of 8.36 and has an RSI of 66.69. Sign up today to read free research on PSEC at:
On Tuesday, Apollo Investment Corp.'s stock finished the session 1.34% higher at $8.73. A total of 6.61 million shares were traded, which was much above its three months average volume of 2.96 million shares. The stock moved between $8.61 and $8.84 during the session. Over the last one month and past three months, Apollo Investment Corp.'s shares have gained 4.12% and 4.49%, respectively. Also, the stock has gone up 2.95% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $8.45 is greater than its 50-day moving average of $8.22. Apollo Investment Corp.'s stock traded at a PE ratio of 6.40 and has an RSI of 63.29. Sign up today to read free research on AINV at:
Shares in American Capital Ltd fluctuated between $15.33 and $15.59 before ending Tuesday's session up 1.31%, at $15.49. The company's stock reported a trading volume of 3.09 million shares, below its three months average volume of 3.42 million shares. Further, shares of American Capital Ltd have gained 3.61% over the past three trading sessions and 4.95% over the last one month. However, the stock has fallen by 0.96% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $14.92 is greater than its 200-day moving average of $14.84. Moreover, shares of the company have an RSI of 62.89. Sign up today to read free research on ACAS at:
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