Bank of America Corporation (BAC) - Daily Volume Update

Posted on 03/26/2012 by Evelyn Greenberg


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%.

Market Snapshot (03/25/2012)
  SPX 1417.13 20.02 1.43%
  DOW 13244.4 163.70 1.25%
  NASDAQ 3122.57 54.65 1.78%
  VIX 14.44 -0.38 -2.56%

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