Bank of America (BAC) Stock Tumbles: Shares Drop Over 2% Hitting $35 Mark
NEW YORK, USA — Shares of Bank of America Corp (NYSE: BAC) experienced a significant downturn during morning trading on Thursday, April 11th, raising concerns among investors. The financial giant’s stock faced notable selling pressure on the New York Stock Exchange.
As of approximately 11:29 AM EDT, BAC stock was trading precisely at 0.82 from the previous close, representing a 2.29% drop for the day’s session.
The intraday chart highlights the downward trajectory for Bank of America shares. After initially trading above $36.00 shortly after the market opened, the stock saw a persistent decline throughout the morning. This slump brought the price significantly below the previous closing price of $35.82 and tested the key $35.00 psychological level.
The movement in Bank of America’s shares comes amid active trading in the broader financial sector. Investors often monitor major bank stocks like BAC closely for insights into economic sentiment and market direction. Today’s sharp drop places BAC among the notable movers on the NYSE.
Market participants continue to watch BAC’s price action closely as trading progresses, assessing whether the $35.00 level will hold or if further downward pressure will materialize.
