Large Outflow of Money Witnessed in Wells Fargo & Company

Wells Fargo & Company (WFC) : The total negative money flow of $33.85 million on Tuesday indicates selling on strength. The inflow of money on upticks was $92.07 million, compared to $125.92 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.73. The negative money flow of $36.25 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.97 million in a block trade.The transaction value of block trade on downtick was $39.22 million. The uptick to downtick ratio was 0.08. The price action in the Wells Fargo & Company (WFC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $48.35 with a gain of $0.27 , a change of 0.56% over the previous days close. The stock registered 1.17% for the week.


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 75.18% of Wells Fargo & Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.99%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Wells Fargo & Company/Mn, Pena Federico F, had purchased 085 shares in a transaction dated on March 11, 2016. The transaction was executed at $49.5 per share with total amount equaling $4,208.

Shares of Wells Fargo & Company rose by 4.63% in the last five trading days and 0.02% for the last 4 weeks. Wells Fargo & Company is up 1.99% in the last 3-month period. Year-to-Date the stock performance stands at -9.68%.

Wells Fargo & Company (NYSE:WFC): stock turned positive on Tuesday. Though the stock opened at $48.42, the bulls momentum made the stock top out at $48.63 level for the day. The stock recorded a low of $48.215 and closed the trading day at $48.35, in the green by 0.56%. The total traded volume for the day was 15,067,947. The stock had closed at $48.08 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.