In a filing, Bank Of America Corp. revealed its 10% Owner BANK OF AMERICA CORP /DE/ acquired Company’s shares for reported $57023.0 on Dec 27 ’23. In the deal valued at $10.56 per share,5,398 shares were bought. As a result of this transaction, BANK OF AMERICA CORP /DE/ now holds 5,398 shares worth roughly $0.19 million.
Then, BANK OF AMERICA CORP /DE/ sold 900 shares, generating $8,748 in total proceeds. Upon selling the shares at $9.72, the 10% Owner now owns 0 shares.
Before that, BANK OF AMERICA CORP /DE/ bought 900 shares. Bank Of America Corp. shares valued at $8,622 were divested by the 10% Owner at a price of $9.58 per share. As a result of the transaction, BANK OF AMERICA CORP /DE/ now holds 900 shares, worth roughly $32211.0.
UBS downgraded its Bank Of America Corp. [BAC] rating to a Neutral from a a Buy in a research note published on April 04, 2024; the price target was increased to $40 from $39. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. Morgan Stanley also remained covering BAC and has increased its forecast on January 30, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Odeon revised its rating on January 16, 2024. It rated BAC as “a Hold” which previously was an “a Buy”.
Price Performance Review of BAC
On Friday, Bank Of America Corp. [NYSE:BAC] saw its stock fall -1.54% to $35.79. Over the last five days, the stock has lost -3.56%. Bank Of America Corp. shares have risen nearly 6.30% since the year began. Nevertheless, the stocks have risen 25.67% over the past one year. While a 52-week high of $38.35 was reached on 04/01/24, a 52-week low of $24.96 was recorded on 01/17/24. SMA at 50 days reached $35.32, while 200 days put it at $31.24. A total of 45.4 million shares were traded, compared to the trading of 38.6 million shares in the previous session.
Levels Of Support And Resistance For BAC Stock
The 24-hour chart illustrates a support level at 35.52, which if violated will result in even more drops to 35.24. On the upside, there is a resistance level at 36.08. A further resistance level may holdings at 36.36. The Relative Strength Index (RSI) on the 14-day chart is 43.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.78%. Stochastics %K at 9.27% indicates the stock is a buying.
