Bank Of America Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of Bank of America Corp. (BAC) inched 0.82% higher to $28.34 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.02% to 4,192.63 and the Dow Jones Industrial Average falling 0.42% to 33,286.58.
The stock's rise snapped a two-day losing streak.
Bank of America Corp. closed $10.26 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 Monday, as JPMorgan Chase & Co. (JPM) fell 0.83% to $138.03 and Wells Fargo & Co. (WFC) rose 2.37% to $40.98.
Trading volume (36.2 M) remained 32.7 million below its 50-day average volume of 68.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 22, 2023.
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May 22, 2023 16:33 ET (20:33 GMT)
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