Bank Of America Corp’s recently made public that its 10% Owner BANK OF AMERICA CORP /DE/ acquired Company’s shares for reported $0.1 million on Mar 14 ’25. In the deal valued at $12.45 per share,8,100 shares were bought. As a result of this transaction, BANK OF AMERICA CORP /DE/ now holds 8,100 shares worth roughly $0.34 million.
Then, BANK OF AMERICA CORP /DE/ sold 8,100 shares, generating $99,670 in total proceeds. Upon selling the shares at $12.30, the 10% Owner now owns 0 shares.
Before that, BANK OF AMERICA CORP /DE/ bought 1 shares. Bank Of America Corp shares valued at $12 were divested by the 10% Owner at a price of $12.43 per share. As a result of the transaction, BANK OF AMERICA CORP /DE/ now holds 1 shares, worth roughly $42.47.
Robert W. Baird upgraded its Bank Of America Corp [BAC] rating to an Outperform from a a Neutral in a research note published on March 07, 2025; the price target was increased to $50 from $45. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. HSBC Securities also remained covering BAC and has increased its forecast on January 07, 2025 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on December 09, 2024. It rated BAC as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of BAC
On Friday, Bank Of America Corp [NYSE:BAC] saw its stock fall -0.02% to $42.47. Over the last five days, the stock has gained 3.86%. Bank Of America Corp shares have fallen nearly -3.37% since the year began. Nevertheless, the stocks have risen 17.87% over the past one year. While a 52-week high of $48.08 was reached on 02/06/25, a 52-week low of $34.15 was recorded on 03/10/25. SMA at 50 days reached $44.77, while 200 days put it at $42.56.
Levels Of Support And Resistance For BAC Stock
The 24-hour chart illustrates a support level at 42.02, which if violated will result in even more drops to 41.57. On the upside, there is a resistance level at 42.79. A further resistance level may holdings at 43.11. The Relative Strength Index (RSI) on the 14-day chart is 46.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.87%. Stochastics %K at 46.50% 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 2025-02-28, growing by 20.73 million shares to a total of 78.49 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 57.75 million shares. There was a rise of 26.42%, which implies that there is a positive sentiment for the stock.
