NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment
of large financial institutions. A total of 9,406 block trades were executed today,
typically at least 10,000 shares or more represent a single block unit.
Further analysis into the trading activity reveals that 99,961,783
shares were bought and 115,891,353 shares were sold. The bought/sold ratio for
shares of Bank of America Corporation is 0.86, representing a negative net cash
flow of $,151,851,190 out of the stock.
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Institutional investors also took positions in options where a total of 1,262,754 contracts
was traded. Specifically, 985,805 call and 276,949 put contracts were traded during the last
session yielding a 0.28 put/call ratio.
Bank of America Corporation is a bank holding and a financial holding company, which through its subsidiaries, provides banking and nonbanking financial services and products throughout the United States and in selected international markets.
The trading volume of 580M is above the 90 day average volume of 282M shares.
Shares of Bank of America Corporation edged up $0.56 (+6.06%) to $9.80. The price of the stock ranged
between a low of $9.33 and $9.80 respectively.
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