Wells Fargo & Company/mn (WFC) Files Form 4 Insider Selling : David M Carroll Sells 62,300 Shares

Wells Fargo & Company/mn (WFC): David M Carroll , Senior Exec. Vice President of Wells Fargo & Company/mn sold 62,300 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $50.28 per share for a total value of $3,132,444.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Lloyd H Dean (director) sold 2,210 shares at $49.93 per share price.On Mar 11, 2016, Timothy J Sloan (President & COO) sold 10,000 shares at $48.16 per share price.Also, On Dec 11, 2015, John G Stumpf (Chairman & CEO) sold 30,000 shares at $53.72 per share price.On Dec 11, 2015, Michael J Loughlin (Sr. Executive Vice President) sold 20,000 shares at $54.48 per share price.

Wells Fargo & Co: On Friday, Apr 22, 2016 heightened volatility was witnessed in Wells Fargo & Co which led to swings in the share price. The shares opened for trading at $50.05 and hit $50.7384 on the upside , eventually ending the session at $50.62, with a gain of 1.14% or 0.57 points. The heightened volatility saw the trading volume jump to 1,63,65,728 shares. The 52-week high of the share price is $58.765 and the company has a market cap of $256,983 M . The 52-week low of the share price is at $44.5.

Wells Fargo & Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Wells Fargo & Co is Downgraded by Piper Jaffray to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 15, 2016.Wells Fargo & Co is Downgraded by Sandler O’Neill to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 11, 2016.Wells Fargo & Co is Downgraded by Guggenheim to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.Wells Fargo & Co is Initiated by UBS to Sell and the brokerage firm has set the Price Target at $45. The Rating was issued on Mar 24, 2016.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking Wholesale Banking and Wealth and Brokerage and Retirement. The Company’s 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 segment’s products include investment insurance and trust services and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking government and institutional banking corporate banking and commercial real estate among others. The Company’s 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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