Large Outflow of Money Witnessed in Bank of America Corporation

Bank of America Corporation (BAC) : The value of composite uptick trades was $330.95 million, whereas, the value of composite downtick trades was $471.74 million. The uptick to downtick ratio stood at 0.7 with a negative money flow of ($140.79) Million during Mondays trading session. The block trades money flow was negative ($84.69 million).The uptick to the downtick ratio of 0.59 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $120.31 million. The transaction of the trades on downticks amounted to $205 million, which confirms investors selling on the strength of price. Bank of America Corporation (BAC) gained 45 cents at $14.11, an increase of 3.29% over the previous days close.


Bank of America Corporation has dropped 0.09% during the last 3-month period . Year-to-Date the stock performance stands at -15.56%. Shares of Bank of America Corporation rose by 6.81% in the last five trading days and 6.01% for the last 4 weeks. In a related news, Nguyen Thong M, officer (Pres, Ret. Bnkg & Co-Hd CB) of Bank Of America Corp /De/, executed a transaction worth $372,900 on February 22, 2016. A total of 30,000 shares were purchased at an average price of $12.43. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Bank of America Corporation (NYSE:BAC): stock turned positive on Monday. Though the stock opened at $13.84, the bulls momentum made the stock top out at $14.23 level for the day. The stock recorded a low of $13.82 and closed the trading day at $14.11, in the green by 3.29%. The total traded volume for the day was 187,187,120. The stock had closed at $13.66 in the previous days trading.

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.

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