Bank of America Corporation (BAC) : The money flow analysis of Bank of America Corporation (BAC) indicates a $329.22 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $375.59 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.14 and so was the total money flow at $46.38 million. A solid up-down ratio of 1.96 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $155.41 million worth of block trades on upticks. Only $79.38 million worth of the stock exchanged hands on downticks. The money flow was $76.03 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Bank of America Corporation (BAC), pushing it down by -0.99% for the day. The stock slid $0.16 and traded at $15.98 during the day. Nonetheless, the stock is 1.2% over the previous weeks close.
The company Insiders own 0.18% of Bank of America Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 335.17% . Institutional Investors own 61.2% of Bank of America Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 335.17%.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Bank Of America Corp /De/, Woods Thomas D had purchased shares worth of $353,250 in a transaction dated on August 2, 2016. A total of 25,000 shares were purchased at a price of $14.13 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Bank of America Corporation (NYSE:BAC): The stock opened at $15.94 and touched an intraday high of $16.06 on Friday. During the day, the stock corrected to an intraday low of $15.82, however, the bulls stepped in and pushed the price higher to close in the green at $16 with a gain of 0.13% for the day. The total traded volume for the day was 100,997,299. The stock had closed at $15.98 in the previous trading session.
Bank of America Corporation (BAC) : Traders are bullish on Bank of America Corporation (BAC) as it has outperformed the S&P 500 by a wide margin of 6.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.82%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.33% in the last 1 week, and is up 6.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.