Wells Fargo & Companys in-depth stock price analysis indicates that the stock price has rallied 7.65% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 17.21% . Looking at the past 52 week period, the stock price is up at 20.19% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Wells Fargo & Company has a positive value of 13.96 compared to overall market. Wells Fargo & Company (NYSE:WFC) has tumbled 0.72% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.8% in the last four weeks. The stocks have underperformed the S&P 500 by 1.52% during the past week but Wells Fargo & Company (NYSE:WFC) it has outperformed the index in 4 weeks by 0.96%.
Wells Fargo & Company (NYSE:WFC) : On Friday heightened volatility was witnessed in Wells Fargo & Company (NYSE:WFC) which led to swings in the share price. The stock opened for trading at $57.02 and hit $57.04 on the upside , eventually ending the session at $56.86, with a gain of 0.23% or 0.13 points. The heightened volatility saw the trading volume jump to 12,268,103 shares. The 52-week high of the share price is $58.02 and the company has a market cap of $285,216 million. The 52-week low of the share price is at $43.55 .
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.
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 & 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)