Strong Upward Pre-Market Activity For Bank Of America Corporation (BAC)

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Trade-Ideas LLC identified Bank of America Corporation ( BAC) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Bank of America Corporation as such a stock due to the following factors:

  • BAC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $1.1 billion.
  • BAC traded 2.8 million shares today in the pre-market hours as of 8:00 AM.
  • BAC is up 2.2% today from yesterday's close.

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More details on BAC:

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The stock currently has a dividend yield of 0.3%. BAC has a PE ratio of 20.2. Currently there are 9 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

The average volume for Bank of America Corporation has been 75.6 million shares per day over the past 30 days. Bank of America has a market cap of $161.7 billion and is part of the financial sector and banking industry. The stock has a beta of 1.98 and a short float of 0.9% with 1.49 days to cover. Shares are unchanged year-to-date as of the close of trading on Monday.

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