Check Out What Whales Are Doing With BAC
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Bank of America (NYSE:BAC), with 71% of detected trades being bearish. The targeted price range for BAC over the last 3 months is $23.0 to $35.0. The current price of BAC is $31.9, down by 0.16%. Analysts from Oppenheimer, RBC Capital, Morgan Stanley, and BMO Capital have given various price targets, with the highest being $52 by Oppenheimer.
July 28, 2023 | 6:46 pm
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NEGATIVE IMPACT
Bearish sentiment detected in Bank of America trades. The targeted price range for BAC over the last 3 months is $23.0 to $35.0. The current price of BAC is $31.9, down by 0.16%.
The bearish sentiment detected in the trades indicates that a significant number of investors expect the price of BAC to decrease. This, combined with the current price decrease of 0.16%, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100