Large Outflow of Money Witnessed in Bank of America Corporation

Bank of America Corporation (BAC) : The total money flow in Bank of America Corporation (BAC) was negative ($63.52 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $224.47 million. Transactions on upticks were comparatively lower at $160.95 million. The uptick to downtick ratio was 0.72. The total block trades done on upticks were valued at $57.6 million. The total block trades on downticks were valued at $109.5 million. The uptick to the downtick ratio of block trades was 0.53. The money flow during block trades was negative ($51.9 million) when the stock traded with a gain of $33 cent. Bank of America Corporation (BAC) was $13.54, an increase of 2.5% over the previous days close.


The company Insiders own 0.18% of Bank of America Corporation shares according to the proxy statements. Institutional Investors own 61.98% 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%. 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.

Shares of Bank of America Corporation appreciated by 6.28% during the last five trading days but lost 2.1% on a 4-week basis. Bank of America Corporation is up 2.38% in the last 3-month period. Year-to-Date the stock performance stands at -18.97%.

Bank of America Corporation (NYSE:BAC): stock turned positive on Tuesday. Though the stock opened at $13.41, the bulls momentum made the stock top out at $13.6 level for the day. The stock recorded a low of $13.4 and closed the trading day at $13.54, in the green by 2.50%. The total traded volume for the day was 89,070,594. The stock had closed at $13.21 in the previous days trading.

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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