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

Bank of America Corporation (NYSE:BAC) traded higher in the last at $13.63, gaining 0.09 points or 0.63%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-8.67) million. The composite uptick value of $106.9 million was eclipsed by the accrued downtick value of $115.56 million, thereby ensuring the up/down ratio of 0.93. For the week, the shares have posted returns of 1.68%.A block trade registered during the day has revealed $33.03 million in upticks and $44.53 million in downticks. The up/down ratio in this case turned out to be 0.74. The net money flow for the block trade was $(-11.5) million.


The stock has recorded a 20-day Moving Average of 4.13% and the 50-Day Moving Average is 4.41%. The company shares have dropped 23.37% in the past 52 Weeks. On July 22, 2015 The shares registered one year high of $18.48 and one year low was seen on February 11, 2016 at $10.99. The 50-day moving average is $14.23 and the 200 day moving average is recorded at $14.29. S&P 500 has rallied 1.93% during the last 52-weeks.

Bank of America Corporation (NYSE:BAC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.62 and $13.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.62, notching a gain of 0.59% for the day. The total traded volume was 73,810,799 . The stock had closed at $13.54 on the previous day.

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, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Pres, Ret. Bnkg & Co-Hd CB) of Bank Of America Corp /De/, Nguyen Thong M, had purchased 30,000 shares in a transaction dated on February 22, 2016. The transaction was executed at $12.43 per share with total amount equaling $372,900.

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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