Shares of Wells Fargo & Company (NYSE:WFC) Sees Large Outflow of Money

Wells Fargo & Company (NYSE:WFC) traded on a positive note gaining 0.28 points or 0.6% to be valued at $47.21 per share. Intraday, the shares aggregated $58.25 million in upticks but saw an exodus of $74.2 million in downticks. The net money flow was calculated to be $(-15.95) million with the final up/down ratio coming in at 0.79. The share price has seen a change of 1.31% in value during the week. Block trade of up/down ratio of 0.04 was also registered with $0.54 million in upticks and $13.86 million in downticks. The net money flow for the block exchange was disappointing at $(-13.32) Million.


The stock has recorded a 20-day Moving Average of 3.91% and the 50-Day Moving Average is 3.77%. The company shares have dropped 18.93% in the past 52 Weeks. On July 23, 2015 The shares registered one year high of $58.77 and one year low was seen on February 11, 2016 at $44.5. The 50-day moving average is $49.06 and the 200 day moving average is recorded at $49.79. S&P 500 has rallied 1.93% during the last 52-weeks.

Wells Fargo & Company (NYSE:WFC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.29 and $46.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.23, notching a gain of 0.64% for the day. The total traded volume was 11,731,625 . The stock had closed at $46.93 on the previous day.

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, 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.

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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