On Wednesday, Shares of Bank of America Corporation (NYSE:BAC), climbed 5.37% to $17.28, after Deutsche Bank lowered their price target on the stock from $20.00 to $19.00, MarketBeat reports. $337.81 million flowed into the stock on the tick-up and $386.58 million flowed out of the stock on the tick-down, for a money net flow of $48.77 million out of the stock. Of all stocks tracked, Bank of America had the 7th highest net out-flow for the day. Bank of America traded up $0.88 for the day and closed at $17.28.
The company has a market capitalization of $181.72 billion and a price-to-earnings ratio of 12.75. The company’s 50 day moving average price is $15.87 and its 200-day moving average price is $16.61.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments. Its Consumer and Business Banking segment offers a range of deposits and consumer lending services. The company’s deposit offerings comprise consumer deposits and business banking.
Shares of General Electric Company (NYSE:GE), declined -0.24% to $29.39, during its last trading session.
ThetaRay, a leading provider of big data analytics solutions for advanced cyber security and operational efficiencies, declared that GE (GE) has granted the company an Industrial Innovation Award for offering the “Most Innovative Industrial Internet Technology.” ThetaRay is working with GE’s Predix Accelerator program, joining forces with the industry leader to deliver innovative anomaly detection that protects Industrial companies against cyber threats and operational risks.
The inaugural awards ceremony took place on September 30th at GE’s Minds + Machines Conference in San Francisco, CA. ThetaRay was one of only four companies to be honored with Industrial Innovation Awards, alongside PepsiCo, Pitney Bowes, and Salt River Project. The “Most Innovative Industrial Internet Technology” award was designed to highlight a company or offering that significantly advances the Industrial Internet.
Through GE’s Predix Accelerator program, ThetaRay will focus on developing a generic anomaly detection microservice that will be offered as part of the Predix services catalog for any developers with a specific need to identify anomalies in big data. ThetaRay’s advanced anomaly detection capabilities provide real-time detection of operational risks like equipment failure and unplanned downtime.
ThetaRay is a leading provider of big data analytics solutions that detect threats and discover opportunities. The company’s platform analyzes massive amounts of data for advanced cyber security, financial risk detection and operational efficiency, protecting financial services sectors and critical infrastructure against unknown threats.
General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.