Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bank Of America Corp shares valued at $85,678 were purchased by BANK OF AMERICA CORP /DE/ on Feb 18 ’25. At $12.65 per share, BANK OF AMERICA CORP /DE/ acquired 6,773 shares. The insider’s holdings grew to 6,773 shares worth approximately $0.31 million following the completion of this transaction.
Also, BANK OF AMERICA CORP /DE/ sold 6,773 shares, netting a total of over 84,730 in proceeds. Following the sale of shares at $12.51 each, the insider now holds 0 shares.
Before that, BANK OF AMERICA CORP /DE/ had added 1,900 shares to its account. In a trade valued at $21,793, the 10% Owner bought Bank Of America Corp shares for $11.47 each. Upon closing the transaction, the insider’s holdings increased to 1,900 shares, worth approximately $86070.0.
As published in a research note from UBS on January 07, 2025, Bank Of America Corp [BAC] has been rated up from a Neutral to a Buy and the price target has been revised to $53 from $43. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 09, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for BAC. Earlier on November 08, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for BAC stock which previously was a “a Neutral”.
Analyzing BAC Stock Performance
During the last five days, there has been a drop of approximately -1.97%. Over the course of the year, Bank Of America Corp shares have jumped approximately 3.07%. Shares of the company reached a 52-week high of $47.98 on 02/06/25 and a 52-week low of $43.80 on 01/02/25. A 50-day SMA is recorded $45.82, while a 200-day SMA reached $42.18. Nevertheless, trading volume fell to 39.97 million shares from 38.97 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 44.83, which, if violated, would cause prices to drop to 44.36. In the upper region, resistance lies at 45.98. The next price resistance is at 46.66. RSI (Relative Strength Index) is 41.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 91.16%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
