Wells Fargo & Company’s recent filing unveils that its Director Norwood Felicia F acquired Company’s shares for reported $1451.0 on Mar 16. In the deal valued at $18.85 per share,77 shares were bought. As a result of this transaction, Norwood Felicia F now holds 228 shares worth roughly $ 9496.199999999999.
Then, Santos Kleber sold 34,698 shares, generating $1,605,476 in total proceeds. Upon selling the shares at $46.27, the Sr. Executive Vice President now owns 19,590 shares.
Before that, Patterson Ellen R sold 2 shares. Wells Fargo & Company shares valued at $81 were divested by the Sr. EVP and General Counsel at a price of $40.64 per share. As a result of the transaction, Patterson Ellen R now holds 66,149 shares, worth roughly $2.76 million.
Odeon downgraded its Wells Fargo & Company [WFC] rating to a Hold from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of 4.8 to its Friday closing price.
Price Performance Review of WFC
On Friday, Wells Fargo & Company [NYSE:WFC] saw its stock jump 0.87% to $41.65. On the same session, the stock had its day’s lowest price of $41.51, but rose to a high of $41.99. Over the last five days, the stock has gained 1.02%. Wells Fargo & Company shares have risen nearly 0.87% since the year began. Nevertheless, the stocks have fallen -4.71% over the past one year. While a 52-week high of $48.84 was reached on 02/14/23, a 52-week low of $35.25 was recorded on 03/24/23. SMA at 50 days reached $43.48, while 200 days put it at $42.64. A total of 12.89 million shares were traded, compared to the trading of 21.53 million shares in the previous session.
Levels Of Support And Resistance For WFC Stock
The 24-hour chart illustrates a support level at 41.44, which if violated will result in even more drops to 41.24. On the upside, there is a resistance level at 41.92. A further resistance level may holdings at 42.20. The Relative Strength Index (RSI) on the 14-day chart is 39.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.53%. Stochastics %K at 25.60% indicates the stock is a holding.
How much short interest is there in Wells Fargo & Company?
A steep rise in short interest was recorded in Wells Fargo & Company stocks on Aug 14, 2023, growing by 1.53 million shares to a total of 29.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 27.77 million shares. There was a rise of 5.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.80% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.99.
Wells Fargo & Company [WFC] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 315,151,283 shares, or roughly 8.40% of the outstanding WFC shares. In other words, the investor’s shares have fallen by -4,564,101 from its previous 13-F filing of 319715384.0. Additionally, BlackRock Fund Advisors increased 1.51% of its stake after which the total value it holdings stand at $7,747,219,102, while SSgA Funds Management, Inc. added 0.89% of its stake to hold $7.02 billion in the firm. Over the last quarter, Dodge & Cox sold -242,548 shares of Wells Fargo & Company, while Fidelity Management & Research Co sold -18,738,623 shares. At present, T. Rowe Price Associates, Inc. is holding 80,370,046 shares valued at $3.71 billion. JPMorgan Investment Management, I owned 73,147,061 shares of the company at the time of its most recent 13F filing, worth $3.38 billion.
According to FactSet, Wells Fargo & Company’s share price will average $51.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.94 percent from its previous closing price of $41.29. Analysts expect Wells Fargo & Company stock to reach the higher price of $65.00, while the lowest price estimate is $43.00. However, 28 analysts have rated WFC stock as an Overweight in their predictions for 2023.