Shares of Wells Fargo & Company (NYSE:WFC) Sees Large Inflow of Net Money Flow

Wells Fargo & Company (NYSE:WFC) witnessed a selling pressure and the shares last traded with a loss of -0.28 points or -0.58% at $48.06. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $5.94 million with an inflow of $77.9 million in upticks and an outflow of $71.96 million in downticks. Using the data, the up/down ratio is found to be 1.08. The share price has recorded -4.24% on a weekly basis.A block trade of $11.9 million in uptick and $3.29 million in downtick was also observed, resulting in an up/down ratio of 3.61. The net money flow of the block trade stood at a $8.61, signaling heavy buying.


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%. On the companys insider trading activities, Pena Federico F, director of Wells Fargo & Company/Mn had purchased 085 shares on March 11, 2016 in a transaction. The price per share was $49.5 and the total amount of the disclosed transaction was $4,208.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Wells Fargo & Company (NYSE:WFC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.37 points or 0.77% at $47.97 with 16,150,106 shares getting traded. Post opening the session at $48.13, the shares hit an intraday low of $47.96 and an intraday high of $48.51 and the price was in this range throughout the day. The company has a market cap of $243,546 million and the number of outstanding shares have been calculated to be 5,077,047,700 shares. The 52-week high of Wells Fargo & Company (NYSE:WFC) is $58.765 and the 52-week low is $44.5.

Many analysts have stated their opinion on the company shares. Nomura maintains their rating on the shares of Wells Fargo & Company (NYSE:WFC). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $58 per share from $60 per share. The rating by the firm was issued on April 25, 2016.

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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