NEW YORK (AVAFIN) -- Block trades help investors understand the sentiment of large financial institutions.
A total of 3,256 block trades were executed during the last trading session,
typically at least 10,000 shares or more represent a single block unit. Further analysis
reveals that 38,155,843 shares were bought and 40,382,293 shares were
sold. The bought/sold ratio for shares of Bank of America Corporation is 0.94, representing a
negative net cash flow of $22,266,480 out of the stock.
A closer look at option trading reveals that a total of 378,733 call and 110,961 put contracts
were traded yielding a 0.29 put/call ratio.
Shares of Bank of America Corporation edged up $0.08 (+0.81%) to $9.93. The price of the stock ranged
between a low of $9.85 and $10.04 respectively. The trading volume of 240M is below
the 90 day average volume of 299M shares. The technical momentum Relative Strength Index indicator shows overbought conditions. BAC is trading above the 50
day moving average. The stock's 52 week low is $4.92 and 52 week high is $13.88. Performance indicators show that the stock has gained 81.87% within the last quarter.
The stock has a P/E ratio of 985.00 and a dividend yield of 0.41%.