By Pradeep Saran, September 19,2023
On Monday, shares of Bank of America Corp. (BAC) experienced a slight decline of 0.28%, closing at $28.76. This decrease occurred despite a generally positive trading session in the stock market, with the S&P 500 Index (SPX) rising by 0.07% to reach 4,453.53, and the Dow Jones Industrial Average (DJIA) registering a modest increase of 0.02% to settle at 34,624.30.
Notably, this marked the second consecutive day of losses for Bank of America Corp.
Bank of America Corp. closed at $9.84 below its 52-week high of $38.60, which it had achieved on November 11th.
In comparison to some of its competitors, Bank of America Corp. did not perform as well on Monday. JPMorgan Chase & Co. (JPM) saw a 0.21% rise, closing at $149.12, while Wells Fargo & Co. (WFC) experienced a more significant increase of 1.12%, closing at $43.43.
The trading volume for Bank of America Corp. stood at 25.1 million shares, which was 16.4 million shares below its 50-day average volume of 41.5 million shares.
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