Statistics of Price Movements of Bank of America Corp (BAC)

The price movements of Bank of America Corp (ticker BAC) are summarized in five ways:

• Table 1. Statistics of daily price changes using the closing prices
• Table 2. Statistics of daily price changes using the closing and opening prices
• Table 3 – 7. Statistics of daily price changes when BAC opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
• Table 8 – 10. Statistics of stock price changes in the 20 days after BAC had a big price move
• Table 11. Statistics of daily price changes in the 20 days after BAC moved 5% with twice the 30-day average volume

The statistics are calculated using BAC's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of BAC one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 1,549 trading days, 49.0% of the time (758 days), BAC closed above the previous day's closing price. 46.1% of the time (713 days), it closed below the previous day's closing price. 5.0% of the time (77 days), it did not change.

Also see: VIX price movement study.

BAC Price Change (%)	Number of Days	% of Total Sessions
17 – 18%	1	0.06%
16 – 17%	1	0.06%
14 – 15%	1	0.06%
8 – 9%	1	0.06%
7 – 8%	7	0.45%
6 – 7%	4	0.26%
5 – 6%	9	0.58%
4 – 5%	15	0.97%
3 – 4%	41	2.65%
2 – 3%	84	5.43%
1 – 2%	224	14.47%
0 – 1%	370	23.90%
0%	77	4.97%
0 – -1%	363	23.45%
-1 – -2%	196	12.66%
-2 – -3%	78	5.04%
-3 – -4%	31	2.00%
-4 – -5%	19	1.23%
-5 – -6%	14	0.90%
-6 – -7%	5	0.32%
-7 – -8%	2	0.13%
-8 – -9%	1	0.06%
-9 – -10%	1	0.06%
-10 – -11%	1	0.06%
-14 – -15%	1	0.06%
-15 – -16%	1	0.06%

Table 2. Statistics of BAC: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of BAC.

48.1% of the time (745 days), BAC closed above the opening price. 47.0% of the time (728 days), it closed below the opening price. 4.9% of the time (76 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	2	0.13%
6 – 7%	3	0.19%
5 – 6%	4	0.26%
4 – 5%	12	0.77%
3 – 4%	16	1.03%
2 – 3%	58	3.74%
1 – 2%	186	12.01%
0 – 1%	464	29.95%
0%	76	4.91%
0 – -1%	437	28.21%
-1 – -2%	183	11.81%
-2 – -3%	66	4.26%
-3 – -4%	26	1.68%
-4 – -5%	10	0.65%
-5 – -6%	3	0.19%
-6 – -7%	2	0.13%
-9 – -10%	1	0.06%

Table 3. One-day performance when BAC opened 5% higher than previous close

In the past 1,549 trading days, BAC opened more than 5% higher than the previous day's closing price 9 times. Of these days, 55.6% (5 days) had closing prices above the opening price, and 44.4% (4 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	2	22.22%
4 – 5%	1	11.11%
1 – 2%	2	22.22%
0 – -1%	1	11.11%
-2 – -3%	2	22.22%
-5 – -6%	1	11.11%

Table 4. Closing vs. open when BAC opened 4–5% higher

On 8 days, BAC opened 4–5% higher than the previous day's closing price. Of these days, 50.0% (4 days) had closing prices above the opening price, and 50.0% (4 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	12.50%
2 – 3%	2	25.00%
1 – 2%	1	12.50%
0 – -1%	2	25.00%
-1 – -2%	1	12.50%
-2 – -3%	1	12.50%

Table 5. Closing vs. open when BAC open 3 – 4% higher

8 times BAC opened 3 – 4% higher than the previous day's closing price. Among these days, 62.5% (5 days) closed above the opening price, 37.5% (3 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	12.50%
1 – 2%	3	37.50%
0 – 1%	1	12.50%
-1 – -2%	2	25.00%
-2 – -3%	1	12.50%

Table 6. Closing vs. open when BAC open 2 – 3% higher

48 times BAC opened 2 – 3% higher than the previous day's closing price. Among these days, 45.8% (22 days) closed above the opening price, 52.1% (25 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	2.08%
3 – 4%	2	4.17%
1 – 2%	10	20.83%
0 – 1%	9	18.75%
0%	1	2.08%
0 – -1%	11	22.92%
-1 – -2%	8	16.67%
-2 – -3%	2	4.17%
-3 – -4%	2	4.17%
-4 – -5%	1	2.08%
-9 – -10%	1	2.08%

Table 7. Closing vs. open when BAC open 1 – 2% higher

135 times BAC opened 1 – 2% higher than the previous day's closing price. Among these days, 53.3% (72 days) closed above the opening price, 46.7% (63 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	2	1.48%
3 – 4%	1	0.74%
2 – 3%	8	5.93%
1 – 2%	19	14.07%
0 – 1%	42	31.11%
0 – -1%	34	25.19%
-1 – -2%	15	11.11%
-2 – -3%	7	5.19%
-3 – -4%	6	4.44%
-4 – -5%	1	0.74%

Table 8. Periods when BAC moved 15% or more

In this table, we track the price movements in the 20 days after BAC had a one-day price change of at least 15%.

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19
20200313	17.7%	-15.4	-12.3	-13.0	-10.6	-18.2	-11.5	2.9
20200324	16.3%	.3	4.8	-2.2	5.3	18.2	5.5	7.0
20200316	-15.3%	7.5	-3.8	3.2	7.8	.6	8.3	21.6

Table 8a. BAC average price changes following a 15% up day

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which BAC was up more than 15%. This table shows the average price changes over the 2 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	-7.5	-3.7	-7.6	-2.7	.0	-3.0	4.9

Table 8b. BAC average price changes following a 15% down day

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which BAC was down more than -15%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	7.5	-3.8	3.2	7.8	.6	8.3	21.6

Table 9. Periods when BAC moved 10% or more

In this table, we track the price movements in the 20 days after BAC had a one-day price change of at least 10%.

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20200313	17.7%	-15.4	-12.3	-13.0	-10.6	-18.2	-11.5	2.9
20200324	16.3%	.3	4.8	-2.2	5.3	18.2	5.5	7.0
20201109	14.1%	-.4	-2.7	-2.8	-1.3	4.6	3.4	5.5
20200611	-10%	3.6	4.5	2.9	3.3	-.8	-1.1	-4.8
20200309	-14.7%	7.7	10.2	-5.2	-17.6	3.6	-3.2	-8.7
20200316	-15.3%	7.5	-3.8	3.2	7.8	.6	8.3	21.6

Table 9a. BAC average price changes following a 10% up day

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which BAC was up more than 10%. This table shows the average price changes over the 3 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-5.1	-3.4	-6.0	-2.2	1.5	-.9	5.1

Table 9b. BAC average price changes following a 10% down day

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which BAC was down more than -10%. This table shows the average price changes over the 3 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	6.2	3.6	.3	-2.1	1.2	1.3	2.7

Table 10. Periods when BAC moved 5% or more

In this table, we track the price movements in the 20 days after BAC had a one-day price change of at least 5%.

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20200313	17.7%	-15.4	-12.3	-13.0	-10.6	-18.2	-11.5	2.9
20200324	16.3%	.3	4.8	-2.2	5.3	18.2	5.5	7.0
20201109	14.1%	-.4	-2.7	-2.8	-1.3	4.6	3.4	5.5
20200417	8.6%	-3.4	-6.1	2.6	-.9	-4.0	-3.0	-6.7
20200310	7.6%	-4.0	-13.4	-10.2	-10.9	-8.5	-16.3	-9.4
20200326	7.6%	-4.9	-13.0	-5.9	9.4	4.4	2.5	-4.0
20200317	7.5%	-5.4	-17.7	3.4	-3.4	-8.9	6.7	8.8
20190116	7.1%	1.9	2.2	4.0	2.2	1.5	-.7	.8
20200526	7.1%	7.0	1.4	10.3	16.2	2.1	3.0	1.4
20160212	7%	.0	2.4	1.8	6.3	12.2	13.2	11.0
20200527	7%	-4.3	-4.4	8.2	2.4	-3.2	-3.6	-4.6
20200518	6.9%	-3.1	-1.2	13.3	7.3	16.8	23.1	8.1
20200406	6.7%	3.5	16.2	3.7	5.2	2.2	11.7	7.9
20181226	6%	1.1	2.2	6.1	6.8	9.4	20.2	20.7
20200409	6%	.0	-10.7	-9.5	-12.0	-3.9	-7.2	-10.1
20200408	5.9%	6.0	1.2	-.7	-7.0	.1	2.6	-3.4
20200427	5.8%	1.8	-1.7	-4.8	-3.8	-7.5	-5.4	-3.5
20201124	5.8%
20161109	5.7%	4.4	12.2	11.3	14.4	13.0	19.6	23.3
20161114	5.5%	.4	-.4	2.4	1.1	7.1	10.4	15.0
20200710	5.4%	.7	-.4	1.7	1.4	5.2	4.0	6.0
20151028	5.3%	-1.1	-.6	3.9	2.7	.9	2.4	1.1
20160301	5.3%	1.7	2.6	.6	2.9	4.5	3.3	3.3
20150826	5.2%	2.4	-3.0	-2.6	-1.0	-.6	-1.2	-3.1
20150824	-5%	-.2	7.0	3.7	2.4	4.9	6.7	1.8
20200225	-5%	-1.4	-5.5	-13.8	-24.0	-22.3	-33.1	-41.8
20150115	-5.2%	1.2	1.4	4.3	1.5	4.5	8.5	7.6
20160202	-5.2%	-1.5	-7.3	-15.6	-7.4	-8.3	-8.3	-5.4
20160208	-5.2%	-.6	-2.6	2.4	2.2	.4	7.5	10.4
20180205	-5.2%	3.1	.2	5.8	5.7	4.7	6.8	4.5
20201014	-5.3%	2.2	2.2	5.4	-.6	1.9	4.2	17.1
20181204	-5.4%	.0	-8.3	-9.6	-9.3	-13.4	-10.7	-8.7
20200318	-5.4%	2.0	1.2	3.9	-4.9	2.9	19.6	14.1
20200303	-5.5%	2.3	-21.0	-26.1	-20.8	-29.1	-24.0	-20.6
20200305	-5.6%	-4.0	-15.3	-23.7	-20.8	-21.5	-19.3	-26.2
20200610	-5.7%	-10.0	-3.0	-5.1	-10.5	-12.1	-12.4	-13.2
20170321	-5.8%	-.3	.0	3.7	1.8	.6	-1.6	-.9
20170517	-5.9%	.8	3.6	3.0	-.7	-.7	1.8	5.3
20160627	-6.3%	4.3	7.6	5.6	8.5	12.1	17.1	18.1
20200626	-6.3%	1.0	.6	-.2	4.5	3.4	5.5	5.2
20200415	-6.4%	-3.5	-2.5	-.0	11.7	3.3	2.9	-1.4
20160211	-6.8%	7.1	12.5	12.4	10.4	18.2	21.3	17.7
20200401	-6.8%	4.0	12.0	25.7	12.2	13.8	10.6	20.8
20200320	-7.2%	-8.1	15.5	7.9	1.8	19.2	21.6	8.9
20160624	-7.4%	-6.3	2.1	-2.0	1.3	3.4	8.5	9.8
20200323	-8%	16.3	19.5	9.3	18.3	37.5	31.3	28.8
20200312	-9.5%	17.8	1.4	-11.8	10.8	3.5	-2.3	14.3
20200611	-10%	3.6	4.5	2.9	3.3	-.8	-1.1	-4.8
20200309	-14.7%	7.7	10.2	-5.2	-17.6	3.6	-3.2	-8.7
20200316	-15.3%	7.5	-3.8	3.2	7.8	.6	8.3	21.6

Table 10a. BAC average price changes following a 5% up day

Of the 1,549 trading days from 2015 to 2020, there were 24 days in which BAC was up more than 5%. This table shows the average price changes over the 24 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-.4	-1.9	.9	1.4	1.9	3.4	3.3

Table 10b. BAC average price changes following a 5% down day

Of the 1,549 trading days from 2015 to 2020, there were 26 days in which BAC was down more than -5%. This table shows the average price changes over the 26 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	1.7	1.2	-.5	-.5	1.2	2.5	2.9

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Also see: VIX price movement study.