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

Wells Fargo & Company (WFC): $2.61 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.04. The value of trades done on upticks was $61.44 million, whereas, trades done on downticks were valued at $58.82 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $6.1 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $2.44 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 2.5 was strongly in favor of the bulls. The money flow in block trades was $3.66 million. Wells Fargo & Company (WFC) fell $0.01 traded at $48.29, a change of -0.02% over the previous day. The stock is 1.22% for the week.


Wells Fargo & Company (WFC) : The consensus price target for Wells Fargo & Company (WFC) is $54.83 for the short term with a standard deviation of $5.97. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $64, however, the pessimist price target for the company is $45.

Wells Fargo & Company (NYSE:WFC): stock turned positive on Friday. Though the stock opened at $48.32, the bulls momentum made the stock top out at $48.36 level for the day. The stock recorded a low of $48.1 and closed the trading day at $48.32, in the green by 0.04%. The total traded volume for the day was 13,588,537. The stock had closed at $48.3 in the previous days trading.

In a related news, 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.

Leave a Reply

Get Pre-Market Alerts!

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