Large Outflow of Money Witnessed in Wells Fargo & Company

Wells Fargo & Company (WFC) : Net money flow in Wells Fargo & Company (WFC) was negative ($25.84 million) and the inflow of money on uptick was $207.98 million, whereas, the outflow of money on downticks amounted to $233.81 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.89. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $44.8 million. On the other hand, the total value of block trades done on downticks was $51.63 million. The ratio of uptick to downtick block trades was 0.87. The money flow in block trades was negative ($6.83). Wells Fargo & Company (WFC) gained $0.22 cent during the day and reached $45.31, a gain of 0.49% over the previous day.

Wells

Wells Fargo & Company has lost 1.13% in the last five trading days and dropped 8.58% in the last 4 weeks. Wells Fargo & Company has dropped 2.76% during the last 3-month period . Year-to-Date the stock performance stands at -14.68%.

Wells Fargo & Company (WFC) : 25 analysts are covering Wells Fargo & Company (WFC) and their average rating on the stock is 2.16, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Wells Fargo & Company (WFC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Wells Fargo & Company (NYSE:WFC): The stock opened at $45.36 and touched an intraday high of $45.48 on Wednesday. During the day, the stock corrected to an intraday low of $44.955, however, the bulls stepped in and pushed the price higher to close in the green at $45.31 with a gain of 0.49% for the day. The total traded volume for the day was 28,220,145. The stock had closed at $45.09 in the previous trading session.

Wells Fargo & Company is a financial services and bank holding company. The Companys segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Companys Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segments products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segments products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Companys Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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