Bank Of America Corporation (NYSE:BAC) opened slightly higher on Thursday, but immediately ran into a group of sellers and profit takers who dropped the stock down about 1% off the open.
The bank, which is one of the largest in the U.S. with over $2.5 trillion in assets, has been volatile recently, reaching a new all-time high of $50.11 on Feb. 10 before entering into a steep downtrend, where the stock declined over 23% and bottomed at the $38.21 level on March 7 and March 8.
