Large Outflow of Money Witnessed in Wells Fargo & Company

Wells Fargo & Company (WFC) : Net money flow in Wells Fargo & Company (WFC) was negative ($1.45 million) and the inflow of money on uptick was $34.83 million, whereas, the outflow of money on downticks amounted to $36.28 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.96. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $14.92 million. On the other hand, the total value of block trades done on downticks was $16.17 million. The ratio of uptick to downtick block trades was 0.92. The money flow in block trades was negative ($1.24). Wells Fargo & Company (WFC) gained $0.11 cent during the day and reached $47.82, a gain of 0.23% over the previous day.


Wells Fargo & Company has dropped 0.39% during the last 3-month period . Year-to-Date the stock performance stands at -9.81%. Shares of Wells Fargo & Company rose by 0.42% in the last five trading days and 3.05% for the last 4 weeks. In a related news, Pena Federico F, director of Wells Fargo & Company/Mn had purchased 085 shares on March 11, 2016 in a transaction. The price per share was $49.5 and the total amount of the disclosed transaction was $4,208.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Wells Fargo & Company (NYSE:WFC): stock turned positive on Monday. Though the stock opened at $47.81, the bulls momentum made the stock top out at $48.33 level for the day. The stock recorded a low of $47.78 and closed the trading day at $48.28, in the green by 1.19%. The total traded volume for the day was 24,139,225. The stock had closed at $47.71 in the previous days trading.

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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