Bank Of America Corp. Stock Falls Wednesday, Underperforms Market
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Shares of Bank of America Corp. (BAC) slipped 1.66% to $27.79 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.61% to 4,179.83 and Dow Jones Industrial Average falling 0.41% to 32,908.27.
This was the stock's second consecutive day of losses.
Bank of America Corp. closed $10.81 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 Wednesday, as JPMorgan Chase & Co. (JPM) fell 1.27% to $135.71 and Wells Fargo & Co. (WFC) fell 2.86% to $39.81.
Trading volume (59.9 M) eclipsed its 50-day average volume of 56.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2023.
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May 31, 2023 16:33 ET (20:33 GMT)
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