Bank of America Shares Plunge Nearly 5% in Early Tuesday Trade
NEW YORK – Shares of Bank of America Corporation (NYSE: BAC) experienced a sharp sell-off in early trading Tuesday, shedding a significant portion of their value as the market opened.
As of 10:49:40 AM EDT on April 9th, Bank of America stock was trading at 1.71, or -4.88%, from its previous close.
The decline began immediately at the market open, with BAC starting the session at $34.05, notably below its prior closing price of $35.03. Selling pressure appeared to intensify through the morning, pushing the stock down further. The day’s trading range so far has been between $33.40 and $34.53.
Volume was heavy, with over 30.2 million shares changing hands by mid-morning, indicating significant investor activity driving the price movement. The financial giant, with an intraday market capitalization of approximately $254.2 billion, saw its stock price approach the lower end of its daily range.
