Shares of Bank of America Corp. (BAC) experienced a modest increase of 0.86% on Monday, reaching a price of $26.99. This positive development took place during an overall bullish trading session in the stock market. The S&P 500 Index (SPX) rose 1.06% to 4,373.63, while the Dow Jones Industrial Average (DJIA) climbed 0.93% to 33,984.54.
Breaking a Two-Day Losing Streak
Bank of America’s stock rise brought an end to its two-day losing streak, providing a glimmer of optimism to investors.
A $11.61 Difference from the 52-Week High
Despite the recent upward movement, Bank of America Corp. closed at a price of $26.99, which is $11.61 below its 52-week high of $38.60. This peak was achieved on November 11th.
Mixed Performance Compared to Competitors
On Monday, Bank of America Corp.’s stock performance differed from its competitors. While JPMorgan Chase & Co. (JPM) dropped by 0.10% to $147.85, Wells Fargo & Co. (WFC) saw a 1.68% increase, reaching $41.65.
Higher Trading Volume
The trading volume for Bank of America Corp. reached 55.6 million shares, surpassing its 50-day average volume of 39.9 million shares.