The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wells Fargo & Co. shares valued at $144,270 were purchased by DAVIS RICHARD K on Nov 09 ’23. At $41.22 per share, DAVIS RICHARD K acquired 3,500 shares. The insider’s holdings grew to 4,244 shares worth approximately $0.24 million following the completion of this transaction.
As published in a research note from Compass Point on April 09, 2024, Wells Fargo & Co. [WFC] has been rated down from a Buy to a Neutral and the price target has been revised to $64. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late March. As of January 18, 2024, Odeon has decreased its “Buy” rating to a “Hold” for WFC. Earlier on January 09, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for WFC stock which previously was a “a Buy”.
Analyzing WFC Stock Performance
During the last five days, there has been a surge of approximately 0.42%. Over the course of the year, Wells Fargo & Co. shares have jumped approximately 16.17%. Shares of the company reached a 52-week high of $58.44 on 03/13/24 and a 52-week low of $46.12 on 01/18/24. A 50-day SMA is recorded $55.16, while a 200-day SMA reached $46.86. Nevertheless, trading volume fell to 18.86 million shares from 25.62 million shares the previous day.
Support And Resistance Levels for Wells Fargo & Co. (WFC)
According to the 24-hour chart, there is a support level at 56.68, which, if violated, would cause prices to drop to 56.17. In the upper region, resistance lies at 57.66. The next price resistance is at 58.13. RSI (Relative Strength Index) is 54.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 32.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
