Shares of Bank of America Corporation (NYSE:BAC) opened at $28.62, and ended -0.39% lower at $28.17. Nearly 121.73 million shares were traded by the close, higher than its average daily volume of 65.82 million shares.Bank of America Corporation (BAC) Analyst Opinion
Bank of America Corporation has a consensus outperform rating from 32 Wall Street analysts, and the number of shares currently sold short amount to at least 1.23% of shares outstanding. The stock spiked 2.85% last month and is up 27.47 this year. Wall Street is only getting more bullish on the stock, with 24 of analysts who cover BAC having a buy-equivalent rating. Analysts have placed a $28.32 price target on Bank of America Corporation, suggesting a 0.53% gain from recent close. It’s currently trading about -1.12% below its 52-week high.
Bank of America Corporation (BAC) surprised the stock market in its last reported earnings when it earned $0.48 a piece versus the consensus-estimated $0.45. Its revenue totaled $21.98 billion down -4.73% from the previous quarter.Bank of America Corporation (NYSE:BAC) Intraday View
This stock (BAC) is ahead of its 52-week low with 35.96%. Its last month’s stock price volatility remained 2.21% which for the week stands at 1.71%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.34% and stays 6.3% away from its 50 days moving average. Over the last five days, shares have managed 5.66% gains and now is up 14.85% since hitting its 200-day moving average of $24.77. Bank of America Corporation (BAC) has made its way to a 12-month gain of 33.38%.
Turning to Teck Resources Limited (NYSE:TECK), its shares were trading at $22.98 a gain of $0.31, on the trading floor. The stock, after opening at $22.48, touched a high of $23.305 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. Teck Resources Limited has 6 buy ratings, 4 holds and 0 sells even after the stock tumbled -13.14% from its high of $26.45 to a $13.17 billion market value through last close.
The company’s consensus rating on Reuter’s scale remained unchanged from 2 to 2 during a month. Analysts set a 12-month price target of $26.78 a share. The target implies a 16.54% spike from where the shares are currently trading. Also, the current price highlights a discount of 47.95% to analysts’ high consensus price target.Teck Resources Limited (NYSE:TECK) Intraday Trading
The counter witnessed a trading volume of 4.57 million shares versus an average volume of 5.11 million shares during last trading session. Its last month’s stock price volatility remained 2.52% which for the week approaches 2.48%. The lowest price the stock reached in the last trading day was $22.46 and compares with the $14.56 52-week low. The stock recovered 57.83% since its low point and has performed 14.73% year-to-date.