Bank Of America Corp’s recent filing unveils that its 10% Owner BANK OF AMERICA CORP /DE/ acquired Company’s shares for reported $1768.0 on Oct 30 ’24. In the deal valued at $8.84 per share,200 shares were bought. As a result of this transaction, BANK OF AMERICA CORP /DE/ now holds 200 shares worth roughly $8778.0.
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Then, BANK OF AMERICA CORP /DE/ bought 1 shares, generating $9 in total proceeds. Upon buying the shares at $9.14, the 10% Owner now owns 0 shares.
Before that, BANK OF AMERICA CORP /DE/ sold 200 shares. Bank Of America Corp shares valued at $1,776 were divested by the 10% Owner at a price of $8.88 per share. As a result of the transaction, BANK OF AMERICA CORP /DE/ now holds 0 shares, worth roughly $0.0.
Morgan Stanley downgraded its Bank Of America Corp [BAC] rating to an Equal-weight from a an Overweight in a research note published on December 09, 2024; the price target was increased to $55 from $48. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. Deutsche Bank also remained covering BAC and has increased its forecast on September 03, 2024 with a “Buy” recommendation from previously “Hold” rating. Piper Sandler revised its rating on July 09, 2024. It rated BAC as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of BAC
On Monday, Bank Of America Corp [NYSE:BAC] saw its stock fall -0.63% to $43.89. Over the last five days, the stock has lost -3.47%. Bank Of America Corp shares have risen nearly 30.35% since the year began. Nevertheless, the stocks have risen 32.20% over the past one year. While a 52-week high of $48.08 was reached on 11/29/24, a 52-week low of $31.27 was recorded on 01/17/24. SMA at 50 days reached $44.70, while 200 days put it at $40.43.
Levels Of Support And Resistance For BAC Stock
The 24-hour chart illustrates a support level at 43.08, which if violated will result in even more drops to 42.26. On the upside, there is a resistance level at 44.41. A further resistance level may holdings at 44.92. The Relative Strength Index (RSI) on the 14-day chart is 38.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.11%. Stochastics %K at 16.94% indicates the stock is a buying.
How much short interest is there in Bank Of America Corp?
A steep rise in short interest was recorded in Bank Of America Corp stocks on 2024-11-29, growing by 10.84 million shares to a total of 74.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 63.84 million shares. There was a rise of 14.52%, which implies that there is a positive sentiment for the stock.
