Bank Of America Corp’s filing revealed that its 10% Owner BANK OF AMERICA CORP /DE/ acquired Company’s shares for reported $85678.0 on Feb 18 ’25. In the deal valued at $12.65 per share,6,773 shares were bought. As a result of this transaction, BANK OF AMERICA CORP /DE/ now holds 6,773 shares worth roughly $0.3 million.
Then, BANK OF AMERICA CORP /DE/ sold 6,773 shares, generating $84,730 in total proceeds. Upon selling the shares at $12.51, the 10% Owner now owns 0 shares.
Before that, BANK OF AMERICA CORP /DE/ bought 1,900 shares. Bank Of America Corp shares valued at $21,793 were divested by the 10% Owner at a price of $11.47 per share. As a result of the transaction, BANK OF AMERICA CORP /DE/ now holds 1,900 shares, worth roughly $84474.0.
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 Friday, Bank Of America Corp [NYSE:BAC] saw its stock fall -0.78% to $44.46. Over the last five days, the stock has lost -5.32%. Bank Of America Corp shares have risen nearly 1.16% since the year began. Nevertheless, the stocks have risen 31.93% over the past one year. While a 52-week high of $48.08 was reached on 02/06/25, a 52-week low of $33.37 was recorded on 01/02/25. SMA at 50 days reached $45.75, while 200 days put it at $42.25.
Levels Of Support And Resistance For BAC Stock
The 24-hour chart illustrates a support level at 44.13, which if violated will result in even more drops to 43.81. On the upside, there is a resistance level at 45.09. A further resistance level may holdings at 45.72. The Relative Strength Index (RSI) on the 14-day chart is 35.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.29%. Stochastics %K at 5.84% indicates the stock is a buying.
