Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bank Of America Corp shares valued at $1,723,733 were purchased by Boland Darrin Steve on May 07 ’25. At $40.84 per share, Boland Darrin Steve acquired 42,207 shares.
Also, BANK OF AMERICA CORP /DE/ purchased 2,103 shares, netting a total of over 23,322 in proceeds. Following the buying of shares at $11.09 each, the insider now holds 2,103 shares.
Before that, BANK OF AMERICA CORP /DE/ had added 13 shares to its account. In a trade valued at $141, the 10% Owner bought Bank Of America Corp shares for $10.85 each. Upon closing the transaction, the insider’s holdings increased to 13 shares, worth approximately $581.62.
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 9.31%. Over the course of the year, Bank Of America Corp shares have jumped approximately 1.80%. 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 $40.13, while a 200-day SMA reached $42.38.
Support And Resistance Levels for Bank Of America Corp (BAC)
According to the 24-hour chart, there is a support level at 44.27, which, if violated, would cause prices to drop to 43.81. In the upper region, resistance lies at 45.06. The next price resistance is at 45.39. RSI (Relative Strength Index) is 73.95 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.75, which suggests the price will increase in the coming days. Percent R is at 2.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
