Bank of America Corporation (BAC) has risen sharply, recording gains of 1.77% in the past 4 weeks. However, the stock has corrected -1.59% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 4.43%.The 200 Day SMA reached 8.22% Bank of America Corporation is up 16.14% in the last 3-month period. Year-to-Date the stock performance stands at -6.87%.
Bank of America Corporation (BAC) : Currently there are 13 street experts covering Bank of America Corporation (BAC) stock. The most bullish and bearish price target for the stock is $20 and $15 respectively for the short term. The average price target of all the analysts comes to $17.58. The estimated standard deviation from the target is $1.68.
For the current week, the company shares have a recommendation consensus of Buy. Bank of America Corporation (NYSE:BAC): stock was range-bound between the intraday low of $15.48 and the intraday high of $15.68 after having opened at $15.66 on Fridays session. The stock finally closed in the red at $15.66, a loss of -1.15%. The stock remained in the red for the whole trading day. The total traded volume was 90,926,246 shares. The stock failed to cross $15.68 in Fridays trading. The stocks closing price on Thursday was $15.49.
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries, it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking, which offers a range of credit, banking and investment products and services to consumers and businesses; Consumer Real Estate Services, which provides a line of consumer real estate products and services; Global Wealth & Investment Management, which provides wealth management solutions; Global Banking, which provides a range of lending-related products and services, and Global Markets, which offers sales and trading services.