Bank of America Corporation (BAC) Dips 3.98% for May 29

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday May 29 was Bank of America Corporation (BAC). The stock experienced a 3.98% decline to $28.96 with 135.4 million shares changing hands.

Bank of America Corporation started at an opening price of 29.76 and hit a high of $29.80 and a low of $28.70. Ultimately, the stock took a hit and finished the day at $1.2 per share. Bank of America Corporation trades an average of 71.14 million shares a day out of a total 10.14 billion shares outstanding. The current moving averages are a 50-day SMA of $30.28 and a 200-day SMA of $28.51. Bank of America Corporation hit a high of $33.05 and a low of $22.07 over the last year.

Bank of America Corporation is a bank holding and a financial holding company. The company provides financial products and services to people, companies and institutional investors.

With its headquarters located in Charlotte, NC, Bank of America Corporation employs 208,000 people. After today’s trading, the company’s market cap has fallen to $293.64 billionAs for its value, has a P/E ratio of <17, a P/S of 2.98, a P/B of 1.22, and a P/FCF of 5.3.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Bank of America Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: BAC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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