Retail traders pivoted away from big tech names in favor of financials.
Retail traders may be selling tech stocks en masse, but they're spying opportunity in one major financial institution — Bank of America. Retail trading activity has remained steady this past week, with investors buying a net $821 million, according to a Wednesday note from JPMorgan Chase. That's consistent with the 12-month average.
" Given this, here are 10 of the biggest stocks retail traders bought into this past week: Retail traders snapped up Bank of America shares, resulting in $82 million in net inflows, according to JPMorgan. While the finance sector has been in focus for investors following the regional banking crisis, Bank of America has withstood some of the shocks, and is up more than 1.5% this week. On Tuesday, it topped expectations in first-quarter earnings and revenue .
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