Bank of America Corporation (BAC) - Trading Recap

Posted on 03/23/2012 by Ella Gold


NEW YORK (AVAFIN) -- A total of 3,852 block trades were executed today, typically at least 10,000 shares or more represent a single block unit. Block trades help investors understand the sentiment of large financial institutions. Further trading analysis reveals that 47,548,951 shares were bought and 42,317,778 shares were sold. The bought/sold ratio for shares of Bank of America Corporation is 1.12, representing a positive net cash flow of $50,569,496 into the stock.

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Institutional traders also took positions in options where a total of 837,347 contracts was traded. The put/call ratio equaled 0.27 with 178,707 put and 658,640 call contracts exchanging hands.

Shares of Bank of America Corporation declined $0.22 (2.24%) to $9.60 in today's trading session. The price of BAC ranged between $9.52 - $9.77. Volume is 264M in relation to the three month average volume of 298M shares. The technical momentum Relative Strength Index indicator shows overbought conditions. BAC is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $4.92 and 52 week high is $13.88. Within the last month, shares of BAC have gained 86.05% of their value.

Bank of America is one of the largest financial institutions in both the United States and the world, with lending operations in the consumer, small business, and corporate space, in addition to asset management and investment banking divisions. The company has operations in all 50 states.

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