Bank Of America Plummets

Bank of America

shares are trading lower by $0.78 at $11.20 in Thursday's session. It is trading lower for the fifth day in a row, falling from its February 4 close ($13.25) to its current level. There is specific catalyst for the drubbing, except for the issue following the broad market an other financials lower. After a lower open, it only could manage a brief pop to $11.55, before resuming its decline. At this time, it is attempting to find a bottom near the $11 level, with the current loss standing at $11,11. It has not traded under $11, since February 2013, when it bottomed at $10.98