NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment
of large financial institutions. Today, a total of 2,002 block trades were
recorded, typically at least 10,000 shares of stock or more represent a single block unit.
Further examination shows that the bought value of the shares was $268,684,662
versus the sold value of $230,310,116. The positive cash flow of
$38,374,545 into the stock shows that investors have bullish
sentiment.
A closer look at option trading reveals that a total of 399,554 call and 110,866 put contracts
were traded yielding a 0.28 put/call ratio.
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.
Bank of America Corporation settled the day up $0.18 to $10.63 in the previous trading session. Today's
trading range was between $10.48 and $10.68 respectively. On the volume side, 190M shares were
traded, which is greater than the average volume of 159M shares. 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 $10.58. Performance indicators show that the stock has gained 5.34% within the last month.
The stock has a P/E ratio of 28.26 and a dividend yield of 0.38%.
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