Bank of America Sees Bullish Outlook Despite Analyst Downgrade
Listen now
Description
**Bank of America (BAC) Analysis** 1. **Current Price and Intraday Trading Range**: The current price of BAC is $45.13, with an intraday trading range of $44.945 to $45.50[1][5]. 2. **Pre-market and After-hours Movement**: No significant pre-market or after-hours movements were reported in the last 24 hours. 3. **Trading Volume vs Average**: The trading volume data is not provided in the given sources, but historical data can be found on the Bank of America investor relations website[5]. 4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours that significantly impact the stock price. 5. **Major Analyst Updates or Price Target Changes**: Recent analyst updates include maintained buy ratings from Morgan Stanley ($49), Barclays Capital ($49), Evercore ($46), and RBC Capital Markets ($46). CFRA downgraded to sell with a target of $39[3]. 6. **Options Flow Activity**: No specific options flow activity data is provided in the given sources. 7. **Related Sector News**: There is no direct semiconductor/AI sector news affecting Bank of America in the provided sources. 8. **Key Technical Indicators for Day Trading**: - **52-week Low/High**: The 52-week low is $27.35, and the high is $45.65, indicating a significant increase from the low[3]. - **Market Sentiment**: The consensus rating is a buy, with 51 buy ratings, 22 hold ratings, and 8 sell ratings[3]. - **Price Movement**: The stock has increased by 0.80% in the past 24 hours[2]. - **Beta**: The 60-month beta is 1.32, indicating moderate volatility[4]. **Summary**: Bank of America (BAC) is currently trading at $45.13, with a recent increase of 0.80%. Analysts maintain a buy consensus, with a median target price of $40.20. The stock has shown significant growth from its 52-week low and moderate volatility. Key technical indicators suggest a positive market sentiment, but traders should monitor recent analyst updates and price movements closely.
More Episodes
Bank of America Stock Surges Amid Market Optimism November 22, 2024 - Bank of America (BAC) continues to show strong momentum as shares closed at $46.76 yesterday, marking a notable 1.51% increase. The banking giant's stock performance has caught investors' attention, particularly as it trades...
Published 11/22/24
Published 11/22/24
Bank of America Stock Shows Mixed Signals Amid Market Uncertainty November 21, 2024 - Bank of America (BAC) stock opened slightly lower this morning, following yesterday's closing price of $46.06, which represented a 0.75% decline from the previous session. The banking giant, currently valued at...
Published 11/21/24