The market has been high on Bank of America Corp (BAC) stock recently. BAC gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With BAC Stock Today?
Bank of America Corp (BAC) stock is lower by -4.26% while the S&P 500 has risen 2.68% as of 3:01 PM on Monday, Apr 20. BAC is down -$0.99 from the previous closing price of $23.26 on volume of 48,317,701 shares. Over the past year the S&P 500 has fallen -1.15% while BAC is down -25.89%. BAC earned $2.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.09.
To see the top 5 stocks in the Banks - Diversified industry click here.
