Bank Of America Corp. (NYSE: BAC) is 25.96% higher on its value in year-to-date trading and has touched a low of $24.96 and a high of $44.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BAC stock was last observed hovering at around $42.30 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $42.41, the stock is 2.80% and 5.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 36.68 million and changing 0.26% at the moment leaves the stock 22.61% off its SMA200. BAC registered 32.61% gain for a year compared to 6-month gain of 30.29%.
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The stock witnessed a 7.39% loss in the last 1 month and extending the period to 3 months gives it a 12.40%, and is -3.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 2.08% over the month.
Bank Of America Corp. (BAC) has around 213000 employees, a market worth around $331.66B and $187.89B in sales. Current P/E ratio is 14.90 and Fwd P/E is 11.54. Profit margin for the company is 12.15%. Distance from 52-week low is 69.91% and -4.57% from its 52-week high. The company has generated returns on investments over the last 12 months (3.91%).
with sales reaching $25.67B over the same period.The EPS is expected to grow by 5.57% this year, but quarterly earnings will post 12.30% year-over-year.
Bank Of America Corp. (BAC) Top Institutional Holders
The shares outstanding are 7.90B, and float is at 7.81B with Short Float at 0.86%.
Bank Of America Corp. (BAC) Insider Activity
The most recent transaction is an insider sale by BERKSHIRE HATHAWAY INC,the company’s10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC sold 12,291,807 shares of the company’s common stock on Jul 19 ’24 at a price of $43.13 per share for a total of $530.12 million. Following the sale, the insider now owns 998.96 million shares.
Bank Of America Corp. disclosed in a document filed with the SEC on Jul 18 ’24 that BERKSHIRE HATHAWAY INC (10% Owner) sold a total of 8,908,427 shares of the company’s common stock. The trade occurred on Jul 18 ’24 and was made at $43.45 per share for $387.03 million. Following the transaction, the insider now directly holds 1.01 billion shares of the BAC stock.
Still, SEC filings show that on Jul 17 ’24, BERKSHIRE HATHAWAY INC (10% Owner) disposed off 12,690,693 shares at an average price of $44.07 for $559.25 million. The insider now directly holds 1,020,161,313 shares of Bank Of America Corp. (BAC).
