Bank of America Corp. (BAC) experienced a 0.04% increase in its stock price, reaching $27.02 on Wednesday. This positive performance took place during a strong trading session for the stock market, with the S&P 500 Index (SPX) rising 0.43% to 4,376.95 and the Dow Jones Industrial Average (DJIA) increasing by 0.19% to reach 33,804.87.
Sixth Consecutive Day of Gains
This marked the sixth consecutive day of gains for Bank of America Corp.'s shares.
Close to 52-Week High
Despite the increase, the stock still closed $11.58 below its 52-week high of $38.60, which the company achieved on November 11th.
Mixed Performance Compared to Competitors
When compared to its competitors, Bank of America Corp.'s stock had a mixed performance on Wednesday. While JPMorgan Chase & Co. (JPM) saw a 0.34% rise to $146.15, Wells Fargo & Co. (WFC) experienced a 0.33% decline to $39.69.
Below Average Trading Volume
The trading volume for Bank of America Corp. remained lower than its 50-day average volume, with 37.8 million shares traded compared to the average of 39.1 million shares.