Wells Fargo & Company (WFC) : Net money flow in Wells Fargo & Company (WFC) was negative ($81.84 million) and the inflow of money on uptick was $155.43 million, whereas, the outflow of money on downticks amounted to $237.27 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.66. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $11.91 million. On the other hand, the total value of block trades done on downticks was $74.72 million. The ratio of uptick to downtick block trades was 0.16. The money flow in block trades was negative ($62.81). Wells Fargo & Company (WFC) gained $1.06 cent during the day and reached $50.62, a gain of 2.14% over the previous day.
Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Wells Fargo & Company (NYSE:WFC). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays lowers the price target from $63 per share to $61 per share. The rating by the firm was issued on July 18, 2016.
Shares of Wells Fargo & Company rose by 4.57% in the last five trading days and 6.73% for the last 4 weeks. Wells Fargo & Company is up 0.05% in the last 3-month period. Year-to-Date the stock performance stands at -4.68%.
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 $49.73 and $49.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.62, notching a gain of 2.14% for the day. The total traded volume was 25,055,769 . The stock had closed at $49.56 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.