Asset Management and Custody Banks Equities Update -- Research on Prospect Capital, Bank of New York Mellon, Invesco, and Apollo Investment

By PR Newswire,  June 19, 2014, 07:20:00 AM EDT


Editor Note: For more information about this release, please scroll to bottom

LONDON, June 19, 2014 /PRNewswire/ --





On Wednesday, June 18, 2014, the NASDAQ Composite ended at 4,362.84, up 0.59%, the Dow Jones Industrial Average finished the day 0.58% higher at 16,906.62, and the S&P 500 closed at 1,956.98, up 0.77%. The gains were broad based as all the ten sectors finished higher. The S&P 500 Financials Sector Index ended the day at 307.38, up 0.65%, and the index has advanced 5.07% in the last one month. Investor-Edge has initiated coverage on the following equities: Prospect Capital Corp. (NASDAQ:PSEC), The Bank of New York Mellon Corp. (NYSE:BK), Invesco Ltd (NYSE:IVZ) and Apollo Investment Corp. (NASDAQ:AINV). Free technical research on PSEC, BK, IVZ and AINV can be downloaded upon signing up at:



http://www.investor-edge.com/3965-register



On Wednesday, Prospect Capital Corp.'s stock recorded a trading volume of 3.87 million shares, lower than its three months average volume of 5.43 million shares. The stock finished the day at $10.37, up 0.29%, and registered an intraday range of $10.27 and $10.39. Prospect Capital Corp.'s shares have advanced 1.87% in the past three trading sessions and 5.07% in the last one month. However, the stock has declined 7.58% on YTD basis. Furthermore, the company's stock is trading above its 50-day moving average. The stock's 200-day moving average of $10.97 is above its 50-day moving average of $10.35. Additionally, shares of the company traded at a PE ratio of 8.11 and have a Relative Strength Index (RSI) of 57.65. Sign up today to read free research on PSEC at:



http://www.investor-edge.com/3965-PSEC-19Jun2014.pdf



The Bank of New York Mellon Corp.'s stock gained 0.84%, to close Wednesday's session at $35.91, after hitting a new 52-week high of $35.92. The stock recorded a trading volume of 5.36 million shares, above its three months average volume of 5.17 million shares. Over the last one month and previous three months, The Bank of New York Mellon Corp.'s shares have surged 5.52% and 7.23%, respectively. Also, from the beginning of 2014, the company's stock has gained 2.78%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 50-day moving average of $34.27 is above its 200-day moving average of $32.99. Further, the company's stock traded at a PE ratio of 14.36 and has an RSI of 62.85. Sign up today to read free research on BK at:



http://www.investor-edge.com/3965-BK-19Jun2014.pdf



On Wednesday, Invesco Ltd's stock finished the session 0.11% lower at $37.31. A total of 6.46 million shares were traded, which was above its three months average volume of 3.01 million shares. The stock moved between $36.85 and $37.51 during the session. Over the last one month and past three months, Invesco Ltd's shares have rallied 7.55% and 6.33%, respectively. Also, the stock has gone up 2.50% 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 50-day moving average of $35.90 is greater than its 200-day moving average of $34.45. Invesco Ltd's stock traded at a PE ratio of 19.54 and has an RSI of 58.21. Sign up today to read free research on IVZ at:



http://www.investor-edge.com/3965-IVZ-19Jun2014.pdf



Shares in Apollo Investment Corp. fluctuated between $8.35 and $8.42 before ending Wednesday's session up 0.12%, at $8.40. The company's stock reported a trading volume of 2.94 million shares, above its three months average volume of 2.51 million shares. Further, shares of Apollo Investment Corp. have advanced 5.79% over the last one month. However, the stock has lost 1.18% over the past three months and 0.88% on YTD basis. The stock is trading above its 50-day moving average. The stock's 200-day moving average of $8.44 is greater than its 50-day moving average of $8.17. Moreover, shares of the company traded at a PE ratio of 6.16 and have an RSI of 69.71. Sign up today to read free research on AINV at:



http://www.investor-edge.com/3965-AINV-19Jun2014.pdf





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EDITOR'S NOTES:

===============



1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.



2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.



3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.



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SOURCE Investor-Edge



This article appears in: News Headlines

Referenced Stocks: AINV, BK, IVZ, PSEC


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