Shares of Wells Fargo & Company (WFC) Drops by -0.17%

Wells Fargo & Company (WFC) has risen sharply, recording gains of 2.38% in the past 4 weeks. However, the stock has corrected -0.17% in the past 1 week, providing a good buying opportunity on dips. Wells Fargo & Company (WFC) : During the past 4 weeks, traders have been relatively bearish on Wells Fargo & Company (WFC), hence the stock is down -1.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.64% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.32% and the 50-Day Moving Average is 1.34%.

Wells Fargo & Company (NYSE:WFC): The stock opened at $48.85 on Friday but the bulls could not build on the opening and the stock topped out at $48.88 for the day. The stock traded down to $47.41 during the day, due to lack of any buying support eventually closed down at $47.71 with a loss of -2.51% for the day. The stock had closed at $48.94 on the previous day. The total traded volume was 35,120,978 shares.


The company Insiders own 0.29% of Wells Fargo & Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.69% . Institutional Investors own 75.19% of Wells Fargo & Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.99%. 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 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.