Bank Of America Corp. Stock Falls Thursday, Underperforms Market
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Shares of Bank of America Corp. (BAC) shed 0.35% to $28.47 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
Bank of America Corp. closed $10.13 short of its 52-week high ($38.60), which the company reached on November 11th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as JPMorgan Chase & Co. (JPM) rose 0.76% to $139.50 and Wells Fargo & Co. (WFC) fell 0.62% to $40.21.
Trading volume (50.7 M) remained 19.1 million below its 50-day average volume of 69.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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May 18, 2023 16:33 ET (20:33 GMT)
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