Shares for the financial giant fell 0.63% to close at $45.56, recovering from a steeper intra-day drop.
NEW YORK – Shares of Bank of America Corp. closed in negative territory on Thursday, August 5, ending a volatile trading day with a modest loss. The stock finished the session at
0.29 (0.63%).
The day’s trading was marked by significant fluctuation. After opening at $45.95 and hitting a daily high of $46.00 shortly after, the stock saw a sharp decline to its session low of $44.75. However, shares mounted a steady recovery throughout the afternoon but failed to climb back to the previous day’s closing price of $45.85.
In after-hours trading, the stock saw a slight additional dip, falling another $0.050 (0.11%) to $45.51, as per the latest data.
Despite the daily loss, Bank of America’s stock remains significantly above its 52-week low of $33.06 and is trading within range of its 52-week high of $49.30.
Other key financial data from the market summary includes a Price-to-Earnings (P/E) ratio of 13.34 and a dividend yield of 2.46%. The company’s market capitalization is listed at 33.75KCr.
