After hitting levels not seen since August thanks to a bullish Morgan Stanley note, Bank of...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

After hitting levels not seen since August thanks to a bullish Morgan Stanley note, Bank of America (BAC -2.8%) sold off into the close. Rumors about a new secondary offering appear to have been a culprit, though the Street's skepticism about the sustainability of BofA's recent rally may have made a selloff overdue.