Shares of Bank of America Corporation (BAC) Rally 3.72%

Bank of America Corporation (BAC) has been under a strong bear grip, hence the stock is down -2.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.19% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.72% in the last 1 week, and is up 1.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.26% and the 50-Day Moving Average is 1.35%.

Bank of America Corporation (NYSE:BAC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.78 and $13.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.66, notching a gain of 0.07% for the day. The total traded volume was 78,652,469 . The stock had closed at $13.65 on the previous day.


The company Insiders own 0.18% of Bank of America Corporation shares according to the proxy statements. Institutional Investors own 61.98% of Bank of America Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 298.95%. 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 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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