Wells Fargo & Company (WFC) : Investors lapped up stocks on upticks to the tune of $157.81 million in the Fridays trading session. The trading value on downticks was comparatively at $119.11 million and the uptick to downtick ratio of 1.32 indicates continuous buying by the bulls. The net money flow into the stock was $38.7 million. The block trades were dominated by the bulls with a healthy 2.99, uptick to downtick ratio. Only $20.1 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $60.08 clearly indicating buying by large investors. The total money flow for block trades stood at $39.99 million, which is a positive for the stock in the long-term. Wells Fargo & Company (WFC) fell $0.37 during the day at $50.43, a drop of -0.73% over the previous days close. However, for the week, the stock is 3.96%, compared to the previous week.
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 -0.95% . Institutional Investors own 74.37% of Wells Fargo & Company shares. During last six month period, the net percent change held by insiders has seen a change of -4.77%.
In a related news,The officer (President & COO) of Wells Fargo & Company/Mn, Sloan Timothy J sold 20,500 shares at $48.92 on August 8, 2016. The Insider selling transaction had a total value worth of $1,002,860. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Wells Fargo & Company (NYSE:WFC): The stock opened at $50.45 and touched an intraday high of $50.66 on Friday. During the day, the stock corrected to an intraday low of $50.18, however, the bulls stepped in and pushed the price higher to close in the green at $50.55 with a gain of 0.24% for the day. The total traded volume for the day was 12,683,950. The stock had closed at $50.43 in the previous trading session.
Wells Fargo & Company (WFC) : Traders are bullish on Wells Fargo & Company (WFC) as it has outperformed the S&P 500 by a wide margin of 3.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.21% in the last 1 week, and is up 3.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.