The market has been neutral on Bank of America Corp (BAC) stock recently. BAC gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What’s Happening With BAC Stock Today?
Bank of America Corp (BAC) stock is trading at $34.43 as of 10:49 AM on Tuesday, Sep 20, a decline of -$0.27, or -0.78% from the previous closing price of $34.70. The stock has traded between $34.38 and $34.78 so far today. Volume today is less active than usual. So far 8,849,113 shares have traded compared to average volume of 37,717,015 shares. To screen for more stocks like Bank of America Corp click here.
More About Bank of America Corp
Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America’s consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company’s Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries. Click Here to get the full Stock Report for Bank of America Corp stock.
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