Shares of Bank of America Corporation (BAC) Sees Large Outflow of Money

Bank of America Corporation (BAC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (16.53 million) in Bank of America Corporation (BAC). On Thursday, The value of composite uptick trades was $177.19 million, whereas, the value of composite downtick trades was $193.72 million and the ratio between the two was 0.91, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $68.32 million. $58.39 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.85. The negative money flow of ($9.93 million) shows selling on strength. Bank of America Corporation (BAC) gained $0.21 intraday at $13.65 and registrered 1.56% for the week.


The stock has recorded a 20-day Moving Average of 3.3% and the 50-Day Moving Average is 1.51%. Shares have dropped -22.88% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $18.48 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $13.77 and the 200 Day Moving Average price is recorded at $13.84.

Bank of America Corporation (NYSE:BAC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.73 and $13.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.65, notching a gain of 1.56% for the day. The total traded volume was 97,852,124 . The stock had closed at $13.44 on the previous day.

In an insider trading activity, 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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