Shares of Wells Fargo & Company (WFC) Sees Large Outflow of Money

Wells Fargo & Company (WFC) : Money flow in the Wells Fargo & Company (WFC) stock was negative (14.71 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $140.5 million, compared to $155.21 million on downticks. The total uptick to downtick ratio was 0.91, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.38 million), indicating selling on the strength. The transaction value during uptick in block trades was $41.5 million. Downtick transaction value in block trades amounted to $40.12 million, indicating persistent selling. The uptick to downtick ratio was 1.03. Wells Fargo & Company (WFC) traded $0.15 higher at $46.8 gaining 0.32% over the previous days close.


Wells Fargo & Company (WFC) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $64 and the lowest price target forecast is $44. The average forecast of all the analysts is $56.56 and the expected standard deviation is $5.65. The stock has recorded a 20-day Moving Average of 0.7% and the 50-Day Moving Average is 3.71%.

Wells Fargo & Company (NYSE:WFC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.58 and $46.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.80, notching a gain of 0.32% for the day. The total traded volume was 17,946,194 . The stock had closed at $46.65 on the previous day.

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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