Transcribed

Bank of America Sees Bullish Outlook Despite Analyst Downgrade

Nov 11, 2024 · 2m 24s
Bank of America Sees Bullish Outlook Despite Analyst Downgrade
Description

**Bank of America (BAC) Analysis** 1. **Current Price and Intraday Trading Range**: The current price of BAC is $45.13, with an intraday trading range of $44.945 to $45.50[1][5]. 2. **Pre-market...

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**Bank of America (BAC) Analysis**

1. **Current Price and Intraday Trading Range**: The current price of BAC is $45.13, with an intraday trading range of $44.945 to $45.50[1][5].

2. **Pre-market and After-hours Movement**: No significant pre-market or after-hours movements were reported in the last 24 hours.

3. **Trading Volume vs Average**: The trading volume data is not provided in the given sources, but historical data can be found on the Bank of America investor relations website[5].

4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours that significantly impact the stock price.

5. **Major Analyst Updates or Price Target Changes**: Recent analyst updates include maintained buy ratings from Morgan Stanley ($49), Barclays Capital ($49), Evercore ($46), and RBC Capital Markets ($46). CFRA downgraded to sell with a target of $39[3].

6. **Options Flow Activity**: No specific options flow activity data is provided in the given sources.

7. **Related Sector News**: There is no direct semiconductor/AI sector news affecting Bank of America in the provided sources.

8. **Key Technical Indicators for Day Trading**:
- **52-week Low/High**: The 52-week low is $27.35, and the high is $45.65, indicating a significant increase from the low[3].
- **Market Sentiment**: The consensus rating is a buy, with 51 buy ratings, 22 hold ratings, and 8 sell ratings[3].
- **Price Movement**: The stock has increased by 0.80% in the past 24 hours[2].
- **Beta**: The 60-month beta is 1.32, indicating moderate volatility[4].

**Summary**: Bank of America (BAC) is currently trading at $45.13, with a recent increase of 0.80%. Analysts maintain a buy consensus, with a median target price of $40.20. The stock has shown significant growth from its 52-week low and moderate volatility. Key technical indicators suggest a positive market sentiment, but traders should monitor recent analyst updates and price movements closely.
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Author QP - Daily
Organization William Corbin
Website -
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