CHARLOTTE, NC – Shares of Bank of America (NYSE: BAC) finished the official trading day in the red, but a dramatic surge in after-hours activity has completely flipped the script, pointing towards a powerful start to the upcoming week.
The banking giant closed Thursday’s regular session at
0.34 (0.72%). The intraday chart shows a day of persistent selling pressure, where the stock slid from its open of $47.45 to a daily low of $46.91, painting a bearish picture as the 4:00 PM bell rang.
However, the real story unfolded after the market closed. A massive wave of buying entered the market, sending the stock soaring 1.00% to $47.59 in after-hours trading. This powerful move not only erased the entire day’s losses but also pushed the stock significantly higher than its previous close.
Outlook for Monday:
The after-hours surge is the most critical technical signal from Thursday’s activity. A move of this magnitude after the bell often indicates significant positive news, a major analyst upgrade, or large institutional buying that is anticipating a further rise. It effectively negates the weakness seen during the regular session.
Given this explosive post-market rally, the forecast for Monday is decidedly bullish. Bank of America’s stock is expected to gap up at the open, likely starting the day much closer to its after-hours high. The negative sentiment from the regular session has been wiped out by this new, aggressive buying pressure, setting a very positive tone for the week ahead.
Disclaimer: This article is based on an analysis of the provided image and represents an interpretation of market data. It is not financial advice. Stock market performance is subject to volatility and numerous external factors.
