Economy

Bank of America Corporation Target of Unusually High Options Trading (BAC)

Qci Asset Management Inc sold 121,504 shares as Bank Of America Corp (BAC)'s stock declined 6.00%. The Two Sigma Securities Llc holds 435,767 shares with $9.63M value, up from 30,378 last quarter. Bank Of America Corporation now has $237.15 billion valuation. The shares were sold at an average price of $24.16, for a total value of $2,096,194.08.

News coverage about Bank of America Corporation (NYSE:BAC) has been trending somewhat positive recently, Accern Sentiment reports. It has outperformed by 41.94% the S&P500.

Patterson-uti Energy Incorporated (NASDAQ:PTEN) had a decrease of 17.22% in short interest. SHEN's SI was 2.50 million shares in September as released by FINRA. The SI to Shenandoah Telecommun Company's float is 5.42%. Traders who own the stock with a record date on Fri, Sep 1st will be given a dividend of $0.12 for a share. this indicates a $0.48 dividend on a yearly basis and a payout of 2.09%. Alere Inc (NYSE:ALR) has risen 17.58% since September 10, 2016 and is uptrending. It has outperformed by 16.21% the S&P500. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the stock. Therefore 22% are positive. PulteGroup had 45 analyst reports since September 11, 2015 according to SRatingsIntel. Sii Wi stated it has 0.09% in Bank of America Corp (NYSE:BAC). Deutsche Bank downgraded the stock to "Hold" rating in Tuesday, November 8 report. The firm earned "Overweight" rating on Thursday, May 11 by JP Morgan. The firm has a market capitalization of $241.56 billion, a P/E ratio of 13.68 and a beta of 1.26. (NYSE:PHM) rating on Tuesday, April 5. Morgan Stanley has "Equal-Weight" rating and $35 target. (NASDAQ:PTEN) earned "Neutral" rating by Citigroup on Friday, March 18. The company was initiated on Thursday, September 29 by Wells Fargo. They set an "outperform" rating and a $30.00 target price on the stock. The stock of PulteGroup, Inc. As per Friday, September 18, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.28 in 2016 Q4. Russell Investments Group raised its position in Bank of America Corporation by 0.5% in the 1st period. Jpmorgan Chase & holds 176.00 million shares. Proxima Capital Management Lc has 1.51% invested in Alere Inc (NYSE:ALR). Jaffetilchin Llc holds 0.14% or 20,765 shares in its portfolio. (NYSE:PHM) for 55,958 shares. During the same quarter in the previous year, the company posted $0.41 EPS. Wall Street Access Asset Ltd Llc reported 58,678 shares.

Clinton Group Inc decreased American Express Co (NYSE:AXP) stake by 74,937 shares to 113,385 valued at $8.40M in 2016Q4. (NASDAQ:BJRI). Nationwide Fund invested 0% in BJ's Restaurants, Inc. Pennsylvania-based Pnc Financial Services Gru has invested 0% in Alere Inc (NYSE:ALR). New Century Advsr Limited Liability owns 285,100 shares. MA grew its holdings in shares of Bank of America Corporation by 3.4% during the first quarter. Teachers Retirement Systems Of The State Of Kentucky reported 0.01% stake. Regal Inv Limited Liability Company stated it has 56,220 shares or 0.34% of all its holdings. Principal Group has invested 0.01% of its portfolio in BJ's Restaurants, Inc. Hanson Mcclain stated it has 0% of its portfolio in Baxter International Inc (NYSE:BAX).

Since March 29, 2017, it had 0 buys, and 6 selling transactions for $8.69 million activity. The company was upgraded on Friday, June 24 by Tigress Financial. On Wednesday, April 5 the insider OSSOWSKI JAMES L sold $117,250. 327,022 were reported by Cornerstone Cap Management Ltd Liability Company. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines. BidaskClub raised shares of Bank of America Corporation from a "sell" rating to a "hold" rating in a research report on Friday, August 4th. Therefore 66% are positive. Analysts forecast that Bank of America Corporation will post $1.81 earnings per share for the current fiscal year. Pzena Investment Ltd Com has invested 2.96% of its portfolio in Bank of America Corp (NYSE:BAC). Barclays Capital maintained Bank of America Corp (NYSE:BAC) rating on Tuesday, January 3. The rating was upgraded by BMO Capital Markets to "Outperform" on Monday, September 19. The rating was maintained by Jefferies with "Buy" on Friday, July 7. The rating was upgraded by Robert W. Baird on Tuesday, September 1 to "Buy". Jefferies maintained the stock with "Buy" rating in Wednesday, October 7 report. Piper Jaffray maintained the shares of PTEN in report on Thursday, July 27 with "Buy" rating. On Wednesday, January 20 the stock rating was upgraded by Sandler O'Neill to "Buy". On Thursday, January 5 the stock rating was downgraded by Wedbush to "Underperform".

A statistical measure of the dispersion of returns (volatility) for BAC producing salvation in Investors mouth, it has week volatility of 1.78% and for the month booked as 1.77%. Its up 0.47, from 1.2 in 2016Q3. It dived, as 62 investors sold BAC shares while 560 reduced holdings. Gagnon Securities Llc, a New York-based fund reported 452,555 shares. 1St Source National Bank & Trust accumulated 0.06% or 14,541 shares. Bank of America Corporation (NYSE:BAC) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Signaturefd Lc has 0.13% invested in Bank of America Corp (NYSE:BAC). Yorktown & Research reported 61,000 shares. Nj State Employees Deferred Compensation Plan stated it has 0.42% of its portfolio in Bank of America Corp (NYSE:BAC). Silvercrest Asset Management Grp Ltd Liability Corporation accumulated 503,966 shares. Washington Trust Fincl Bank holds 0.3% or 59,789 shares in its portfolio. E&G Advisors LP now owns 77,370 shares of the financial services provider's stock valued at $1,825,000 after purchasing an additional 11,435 shares during the last quarter. Clough Capital Prns Limited Partnership holds 3.31% or 2.26M shares.



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