Bank Of America Corp’s filing revealed 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 $9012.0.
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.
UBS upgraded its Bank Of America Corp [BAC] rating to a Buy from a a Neutral in a research note published on January 07, 2025; the price target was increased to $53 from $43. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Morgan Stanley also remained covering BAC and has decreased its forecast on December 09, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Citigroup revised its rating on November 08, 2024. It rated BAC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BAC
On Monday, Bank Of America Corp [NYSE:BAC] saw its stock fall -0.11% to $45.06. Over the last five days, the stock has gained 0.56%. Bank Of America Corp shares have risen nearly 2.53% since the year began. Nevertheless, the stocks have risen 34.11% over the past one year. While a 52-week high of $48.08 was reached on 01/07/25, a 52-week low of $31.27 was recorded on 01/02/25. SMA at 50 days reached $45.30, while 200 days put it at $40.94.
Levels Of Support And Resistance For BAC Stock
The 24-hour chart illustrates a support level at 44.72, which if violated will result in even more drops to 44.38. On the upside, there is a resistance level at 45.37. A further resistance level may holdings at 45.68. The Relative Strength Index (RSI) on the 14-day chart is 50.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.09%. Stochastics %K at 69.25% indicates the stock is a holding.
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 2024-12-31, dropping by -0.69 million shares to a total of 73.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 74.69 million shares. There was a decline of -0.94%, which implies that there is a negative sentiment for the stock.
