Bank Of America Corp. (NYSE: BAC) kicked off on Monday, down -1.39% from the previous trading day, before settling in for the closing price of $41.67. Over the past 52 weeks, BAC has traded in a range of $24.96-$44.44.
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A company in the Financial sector has jumped its sales by 12.08% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 5.51%. With a float of $7.81 billion, this company’s outstanding shares have now reached $7.90 billion.
In an organization with 213000 employees, it is important to assess its efficiency.
Bank Of America Corp. (BAC) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Banks – Diversified Industry. The insider ownership of Bank Of America Corp. is 0.17%, while institutional ownership is 73.02%. The most recent insider transaction that took place on Jul 29 ’24, was worth 216,878,923. In this transaction 10% Owner of this company sold 5,264,601 shares at a rate of $41.20, taking the stock ownership to the 961,646,715 shares. Before that another transaction happened on Jul 26 ’24, when Company’s 10% Owner sold 7,526,661 for $41.70, making the entire transaction worth $313,870,796. This insider now owns 966,911,316 shares in total.
Bank Of America Corp. (BAC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 5.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.60% during the next five years compared to 3.37% growth over the previous five years of trading.
Bank Of America Corp. (NYSE: BAC) Trading Performance Indicators
Take a look at Bank Of America Corp.’s (BAC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71. Likewise, its price to free cash flow for the trailing twelve months is 14.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.85, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.68 in one year’s time.
Technical Analysis of Bank Of America Corp. (BAC)
Let’s dig in a bit further. During the last 5-days, its volume was 40.81 million. That was better than the volume of 38.92 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.15%. Additionally, its Average True Range was 0.83.
During the past 100 days, Bank Of America Corp.’s (BAC) raw stochastic average was set at 67.44%, which indicates a significant increase from 3.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.64% in the past 14 days, which was higher than the 21.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.42, while its 200-day Moving Average is $34.98. However, in the short run, Bank Of America Corp.’s stock first resistance to watch stands at $41.65. Second resistance stands at $42.21. The third major resistance level sits at $42.55. If the price goes on to break the first support level at $40.75, it is likely to go to the next support level at $40.42. Assuming the price breaks the second support level, the third support level stands at $39.86.
Bank Of America Corp. (NYSE: BAC) Key Stats
The company with the Market Capitalisation of 321.34 billion has total of 7,820,371K Shares Outstanding. Its annual sales at the moment are 171,912 M in contrast with the sum of 26,515 M annual income. Company’s last quarter sales were recorded 48,529 M and last quarter income was 6,897 M.
