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

Wells Fargo & Company (WFC) traded with a cut of -0.04 points or -0.07% at $55.91 per share. As per the last available information, the stock aggregated $168.61 million in upticks and $139.87 million in downticks, keeping the net money flow capped at $28.73 million. The up/down ratio was found to be 1.21. For the week, the shares has seen a change of -1.2% in the share price.A block trade of $29.79 million in upticks and $5.54 million in downticks also took place during the day. The up/down ratio for the block stood at 5.38. The net money flow for this transaction was $24.25 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Wells Fargo & Company has dropped 1.25% in the last five trading days, however, the shares have posted positive gains of 1.45% in the last 4 weeks. Wells Fargo & Company is up 22.53% in the last 3-month period. Year-to-Date the stock performance stands at 1.45%. Wells Fargo & Company (NYSE:WFC) witnessed a decline in the market cap on Wednesday as its shares dropped 0.07% or 0.04 points. After the session commenced at $56.54, the stock reached the higher end at $57.07 while it hit a low of $55.77. With the volume soaring to 21,157,698 shares, the last trade was called at $55.91. The company has a 52-week high of $58.02. The company has a market cap of $280,451 million and there are 5,016,109,300 shares in outstanding. The 52-week low of the share price is $43.55.

Company has reported several Insider transactions to the SEC, on Aug 9, 2016, Timothy J Sloan (President & COO) sold 20,500 shares at 48.92 per share price.On May 6, 2016, Federico F Pena (director) purchased 85 shares at 49.50 per share price.On May 4, 2016, James H. Quigley (director) purchased 2,000 shares at 49.97 per share price.

Wells Fargo & Co Last issued its quarterly earnings results on Jan 13, 2017. The company reported $0.96 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $1.00. The company had revenue of $21582.00 million for the quarter, compared to analysts expectations of $22304.77 million. During the same quarter in the previous year, the company posted $1.03 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Wells Fargo & Co was Downgraded by Argus to Hold on Jan 18, 2017. Wells Fargo & Co was Resumed by UBS on Jan 11, 2017 to Neutral, Price Target of the shares are set at $58.Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 65 from a previous price target of $56 .Wells Fargo & Co was Downgraded by Susquehanna to Neutral on Dec 1, 2016. Wells Fargo & Co was Downgraded by Jefferies to Hold on Nov 28, 2016.

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. (Company Press Release)

Wells

Share this post

Leave a Reply