Bank Of America Corp. Stock Falls Tuesday, Underperforms Market
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Shares of Bank of America Corp. (BAC) slipped 1.05% to $27.36 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
Bank of America Corp. closed $11.24 below its 52-week high ($38.60), which the company reached on November 11th.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) fell 0.67% to $134.32 and Wells Fargo & Co. (WFC) fell 0.98% to $38.39.
Trading volume (33.1 M) remained 36.6 million below its 50-day average volume of 69.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 16:33 ET (20:33 GMT)
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