Wells Fargo & Company (WFC) : Wells Fargo & Company (WFC) had a healthy money flow of $64.58 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $149.88 million, whereas, investors only sold shares worth $85.3 million on downticks. The stock closed the day with an up-down ratio of 1.76.The money flow in the block trades to the tune of $60.7 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $77.55 million worth of transactions were on upticks. A paltry $16.85 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 4.6. Wells Fargo & Company (WFC) stock slid $0.34 intraday and traded at 47.9, a change of -0.7% over previous days close. However, for the week, the company shares are -1.6% compared to previous weeks close.
Wells Fargo & Company has dropped 1.31% in the last five trading days, however, the shares have posted positive gains of 1.99% in the last 4 weeks. Wells Fargo & Company is up 0.8% in the last 3-month period. Year-to-Date the stock performance stands at -9.11%.
Wells Fargo & Company (NYSE:WFC): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.05 and $48.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.27, notching a gain of 0.77% for the day. The total traded volume was 11,758,906 . The stock had closed at $47.90 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Sloan Timothy J, officer (President & COO) of Wells Fargo & Company/Mn, had unloaded 20,500 shares at an average price of $48.92 in a transaction dated on August 8, 2016. The total value of the transaction was worth $1,002,860.
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.