Wells Fargo & Company (WFC) has risen sharply, recording gains of 1.13% in the past 4 weeks. However, the stock has corrected -0.29% in the past 1 week, providing a good buying opportunity on dips. 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 1.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.37%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.52% and the fifty day Moving Average is 2.03%. Wells Fargo & Company has dropped 3.84% during the last three month period . Year-to-Date the stock performance stands at -8.65%.
Wells Fargo & Company (WFC) : Currently there are 17 street experts covering Wells Fargo & Company (WFC) stock. The most bullish and bearish price target for the stock is $64 and $45 respectively for the short term. The average price target of all the analysts comes to $54.59. The estimated standard deviation from the target is $6.06.
Wells Fargo & Company (NYSE:WFC): stock turned positive on Friday. Though the stock opened at $48.58, the bulls momentum made the stock top out at $48.84 level for the day. The stock recorded a low of $48.28 and closed the trading day at $48.51, in the green by 0.27%. The total traded volume for the day was 15,527,260. The stock had closed at $48.38 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.