The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bank Of America Corp shares valued at $41 were purchased by BANK OF AMERICA CORP /DE/ on Mar 22 ’24. At $6.77 per share, BANK OF AMERICA CORP /DE/ acquired 6 shares. The insider’s holdings grew to 0 shares worth approximately $0.0 following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BANK OF AMERICA CORP /DE/ sold 34 shares, netting a total of over 229 in proceeds. Following the sale of shares at $6.73 each, the insider now holds 0 shares.
Before that, BANK OF AMERICA CORP /DE/ had sold 6 shares from its account. In a trade valued at $41, the 10% Owner traded Bank Of America Corp shares for $6.76 each. Upon closing the transaction, the insider’s holdings decreased to 6 shares, worth approximately $0.0.
As published in a research note from Morgan Stanley on December 09, 2024, Bank Of America Corp [BAC] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $55 from $48. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of September 03, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for BAC. Earlier on July 09, 2024, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for BAC stock which previously was a “an Underweight”.
Analyzing BAC Stock Performance
During the last five days, there has been a drop of approximately -5.86%. Over the course of the year, Bank Of America Corp shares have jumped approximately 28.84%. Shares of the company reached a 52-week high of $48.08 on 11/29/24 and a 52-week low of $31.27 on 01/17/24. A 50-day SMA is recorded $44.57, while a 200-day SMA reached $40.35. Nevertheless, trading volume fell to 37.81 million shares from 40.99 million shares the previous day.
Support And Resistance Levels for Bank Of America Corp (BAC)
According to the 24-hour chart, there is a support level at 42.97, which, if violated, would cause prices to drop to 42.55. In the upper region, resistance lies at 44.14. The next price resistance is at 44.89. RSI (Relative Strength Index) is 32.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.80, which suggests the price will decrease in the coming days. Percent R is at 98.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
