Shares of Bank of America Corporation (BAC) Sees Large Inflow of Net Money Flow

Bank of America Corporation (BAC) : $37.62 million worth of transactions were on upticks in Bank of America Corporation (BAC), compared to $34.35 million on downticks. The ratio between the two was 1.1, whereas, the net money flow stood at a healthy $3.27 million on Fridays session.The block trades show a bullish bias with only $9.85 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $12.88million worth of trades. The up-down ratio between the uptick and downtick was 1.31, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $3.03 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.04%. The stock was trading at $14.27, with a drop of $0.01 over the previous days close. The stock recorded 4.43% for the week.


Bank of America Corporation (BAC) : The highest level Bank of America Corporation (BAC) is projected to reach is $20 for the short term and the lowest estimate is at $15. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $17.47 and the possibility the share price can swing is $1.65.

Bank of America Corporation (NYSE:BAC): stock turned positive on Friday. Though the stock opened at $14.26, the bulls momentum made the stock top out at $14.4 level for the day. The stock recorded a low of $14.18 and closed the trading day at $14.38, in the green by 0.77%. The total traded volume for the day was 46,604,794. The stock had closed at $14.27 in the previous days trading.

In a related news, Nguyen Thong M, officer (Pres, Ret. Bnkg & Co-Hd CB) of Bank Of America Corp /De/ had purchased 30,000 shares on February 22, 2016 in a transaction. The price per share was $12.43 and the total amount of the disclosed transaction was $372,900.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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