Sphere 3D Corp. (ANY) Reaches $2.51 After 9.00% Down Move; Philadelphia Trust Company Upped By $2.42 Million Its Bank Of America (BAC) Position

January 14, 2018 - By Steve Bissell

Philadelphia Trust Company increased Bank Of America Corp (BAC) stake by 10.93% reported in 2017Q3 SEC filing. Philadelphia Trust Company acquired 96,714 shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The Philadelphia Trust Company holds 981,914 shares with $24.88M value, up from 885,200 last quarter. Bank Of America Corp now has $325.33 billion valuation. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

The stock of Sphere 3D Corp. (NASDAQ:ANY) is a huge mover today! The stock decreased 6.69% or $0.18 during the last trading session, reaching $2.51. About 387,415 shares traded or 8.59% up from the average. Sphere 3D Corp. (NASDAQ:ANY) has declined 85.09% since January 14, 2017 and is downtrending. It has underperformed by 101.79% the S&P500.The move comes after 7 months negative chart setup for the $16.81M company. It was reported on Jan, 14 by Barchart.com. We have $2.28 PT which if reached, will make NASDAQ:ANY worth $1.51 million less.

Philadelphia Trust Company decreased Qualcomm Inc (NASDAQ:QCOM) stake by 15,718 shares to 273,218 valued at $14.16M in 2017Q3. It also reduced Harris Corp Del (NYSE:HRS) stake by 33,475 shares and now owns 69,392 shares. Hain Celestial Group (NASDAQ:HAIN) was reduced too.

Since August 10, 2017, it had 0 buys, and 1 insider sale for $2.10 million activity. BRAMBLE FRANK P sold 86,763 shares worth $2.10M.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Essex Invest Management invested in 118,978 shares. Raymond James & Associates accumulated 0.3% or 5.94M shares. Argent Trust Com holds 0.25% of its portfolio in Bank of America Corporation (NYSE:BAC) for 25,022 shares. Brave Warrior Lc has 0.02% invested in Bank of America Corporation (NYSE:BAC). Partnervest Advisory reported 21,166 shares. Moreover, Parsec Fincl has 0.06% invested in Bank of America Corporation (NYSE:BAC) for 30,165 shares. Washington Capital Mgmt Incorporated, Washington-based fund reported 141,715 shares. Lourd Cap Ltd Liability reported 2.28 million shares. Moreover, Anson Funds Mgmt Limited Partnership has 5.57% invested in Bank of America Corporation (NYSE:BAC) for 1.46M shares. First Long Island Invsts Limited Liability Corporation reported 411,881 shares or 1.51% of all its holdings. Sentinel Lba holds 0.06% in Bank of America Corporation (NYSE:BAC) or 13,232 shares. Ontario Teachers Pension Plan Board holds 3.05M shares or 1.02% of its portfolio. Jarislowsky Fraser Ltd reported 34,026 shares or 0.01% of all its holdings. 54,263 were reported by Engineers Gate Manager Limited Partnership. Leuthold Gru Lc holds 0.09% or 34,643 shares.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Buy” rating on Tuesday, September 8 by Nomura. KBW upgraded the stock to “Buy” rating in Tuesday, September 1 report. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 12 report. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, January 20 by Sandler O’Neill. The stock has “Equal Weight” rating by Barclays Capital on Tuesday, January 3. The stock has “Buy” rating by Bernstein on Tuesday, September 1. The firm has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. The firm has “Outperform” rating by Wood given on Friday, April 7. The rating was maintained by Nomura on Monday, October 16 with “Buy”.

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By1 Steve Bissell

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