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 $23,322 were purchased by BANK OF AMERICA CORP /DE/ on Apr 16 ’25. At $11.09 per share, BANK OF AMERICA CORP /DE/ acquired 2,103 shares. The insider’s holdings grew to 2,103 shares worth approximately $83867.64 following the completion of this transaction.
Also, BANK OF AMERICA CORP /DE/ purchased 13 shares, netting a total of over 141 in proceeds. Following the buying of shares at $10.85 each, the insider now holds 13 shares.
Before that, BANK OF AMERICA CORP /DE/ had sold 13 shares from its account. In a trade valued at $142, the 10% Owner traded Bank Of America Corp shares for $10.89 each. Upon closing the transaction, the insider’s holdings decreased to 13 shares, worth approximately $0.0.
As published in a research note from Morgan Stanley on April 07, 2025, Bank Of America Corp [BAC] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $47. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of January 07, 2025, UBS has increased its “Neutral” rating to a “Buy” for BAC. Earlier on January 07, 2025, HSBC Securities upgraded its rating. Their new recommendation was “a Buy” for BAC stock which previously was a “a Hold”.
Analyzing BAC Stock Performance
During the last five days, there has been a surge of approximately 2.92%. Over the course of the year, Bank Of America Corp shares have dropped approximately -9.26%. Shares of the company reached a 52-week high of $47.98 on 02/06/25 and a 52-week low of $33.06 on 04/09/25. A 50-day SMA is recorded $40.67, while a 200-day SMA reached $42.41.
Support And Resistance Levels for Bank Of America Corp (BAC)
According to the 24-hour chart, there is a support level at 39.13, which, if violated, would cause prices to drop to 38.38. In the upper region, resistance lies at 40.32. The next price resistance is at 40.75. RSI (Relative Strength Index) is 53.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.73, which suggests the price will increase in the coming days. Percent R is at 4.72%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
