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

Shares of Bank of America Corporation (NYSE:BAC) saw an erosion of -0.21 points in recent session. During the trading, the value of each share was $13.63, dropping -1.48%. The shares saw high fund-flow as the composite value of all the upticks was $99.13 million and the total value of all the downticks was a mere $89.94 million. The net money flow was seen at $9.19 million and the up/down ratio was measured at 1.1. On a weekly basis the shares of the shares have recorded a change of -5.51%.The block trade which occurred today had $27.29 million in upticks and $22.86 million in downticks with the up/down ratio climbing to 1.19. $4.42 million was the net money flow of the block transaction.


Currently the company Insiders own 0.18% of Bank of America Corporation shares according to the proxy statements. Institutional Investors own 61.97% 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%. On the companys insider trading activities, 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. The total value of the transaction was $372,900. The information was disclosed with the SEC 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 ended Monday session in the red zone in a volatile trading. The stock closed down 0.23 points or 1.66% at $13.6 with 74,851,719 shares getting traded. Post opening the session at $13.64, the shares hit an intraday low of $13.58 and an intraday high of $13.9051 and the price was in this range throughout the day. The company has a market cap of $139,698 million and the number of outstanding shares have been calculated to be 10,271,915,700 shares. The 52-week high of Bank of America Corporation (NYSE:BAC) is $18.48 and the 52-week low is $10.99.

Many analysts have stated their opinion on the company shares. Brokerage firm Keefe Bruyette & Woods downgrades its rating on Bank of America Corporation (NYSE:BAC). As per the latest information, the brokerage house lowers the price target to $16 per share from a prior target of $17. The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 16, 2016.

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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