Bank of America Corp (BAC), Citigroup Inc (C), JPMorgan Chase & Co. (JPM): Daily Stock Prices Are Completely Irrelevant

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The stock lost almost 44% of its value. However, J.C. Penney Company, Inc. (NYSE:JCP) shares still traded higher on 44% of trading days! That’s only a difference of 13 days when compared to the days Bank of America Corp (NYSE:BAC) traded higher, and that stock doubled! Here’s how J.C. Penney Company, Inc. (NYSE:JCP)’s full year played out:

Eye-catching headlines and daily gyrations are fun to follow, but that’s about it. If you aim to be a successful, long-term investor, but can’t stop yourself from constantly checking your portfolio’s minute-by-minute changes, you’re probably wasting your time and making yourself sick.

Stock prices sourced from Google Finance

The article Daily Stock Prices Are Completely Irrelevant originally appeared on Fool.com is written by David Hanson.

David Hanson has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Wells Fargo. It also owns shares of Bank of America, Citigroup, and JPMorgan Chase.

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