Wells Fargo & Company (WFC) has been under a strong bear grip, hence the stock is down -0.61% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.05% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.48% in the last 1 week, and is up 1.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Wells Fargo & Company (NYSE:WFC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.39 and $48.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.68, notching a gain of 1.76% for the day. The total traded volume was 19,064,723 . The stock had closed at $47.84 on the previous day.
The stock has recorded a 20-day Moving Average of 1.92% and the 50-Day Moving Average is 1.89%. Wells Fargo & Company is up 0.1% in the last 3-month period. Year-to-Date the stock performance stands at -8.33%.
Wells Fargo & Company (WFC) : 18 Wall Street analysts covering Wells Fargo & Company (WFC) believe that the average level the stock could reach for the short term is $54.83. The maximum price target given is $64 and the minimum target for short term is around $45, hence the standard deviation is calculated at $5.97.
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.