Bank Of America Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of Bank of America Corp. (BAC) inched 0.76% higher to $27.78 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.99% to 4,221.02 and the Dow Jones Industrial Average rising 0.47% to 33,061.57.
This was the stock's third consecutive day of losses.
Bank of America Corp. closed $10.82 short of its 52-week high ($38.60), which the company achieved on November 11th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as JPMorgan Chase & Co. (JPM) rose 1.38% to $137.58 and Wells Fargo & Co. (WFC) rose 0.63% to $40.06.
Trading volume (57.1 M) eclipsed its 50-day average volume of 55.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 1, 2023.
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June 01, 2023 16:33 ET (20:33 GMT)
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