Wells Fargo & Company (NYSE:WFC) has tumbled 3.6% during the past week and has dropped 4.41% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.44%. Wells Fargo & Company (NYSE:WFC) has underperformed the index by 5.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Wells Fargo & Company (NYSE:WFC): The stock opened at $46.85 on Friday but the bulls could not build on the opening and the stock topped out at $47.00 for the day. The stock traded down to $46.52 during the day, due to lack of any buying support eventually closed down at $46.60 with a loss of -0.53% for the day. The stock had closed at $46.85 on the previous day. The total traded volume was 25,661,279 shares.
The company shares have dropped -18.32% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $58.77 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $49.18 and the 200 Day Moving Average price is recorded at $49.96.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Wells Fargo & Company/Mn, Pena Federico F had purchased shares worth of $4,208 in a transaction dated on March 11, 2016. A total of 085 shares were purchased at a price of $49.5 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Nomura maintains its ratings on Wells Fargo & Company (NYSE:WFC). In the latest research report, Nomura lowers the target price from $60 per share to $58 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 25, 2016. Currently 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 -14.69% . Institutional Investors own 75.2% of Wells Fargo & Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.99%.
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.