Wells Fargo & Co.’s recent filing unveils that its Director DAVIS RICHARD K acquired Company’s shares for reported $0.14 million on Nov 09 ’23. In the deal valued at $41.22 per share,3,500 shares were bought. As a result of this transaction, DAVIS RICHARD K now holds 4,244 shares worth roughly $0.26 million.
Compass Point downgraded its Wells Fargo & Co. [WFC] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Mkt perform”. Odeon also remained covering WFC and has decreased its forecast on January 18, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on January 09, 2024. It rated WFC as “a Hold” which previously was an “a Buy”.
Price Performance Review of WFC
On Friday, Wells Fargo & Co. [NYSE:WFC] saw its stock jump 2.74% to $60.35. Over the last five days, the stock has gained 6.87%. Wells Fargo & Co. shares have risen nearly 22.61% since the year began. Nevertheless, the stocks have risen 42.87% over the past one year. While a 52-week high of $59.13 was reached on 04/19/24, a 52-week low of $36.40 was recorded on 01/18/24. SMA at 50 days reached $55.61, while 200 days put it at $47.02. A total of 34.32 million shares were traded, compared to the trading of 24.47 million shares in the previous session.
Levels Of Support And Resistance For WFC Stock
The 24-hour chart illustrates a support level at 59.19, which if violated will result in even more drops to 58.02. On the upside, there is a resistance level at 61.18. A further resistance level may holdings at 62.01. The Relative Strength Index (RSI) on the 14-day chart is 70.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.07%. Stochastics %K at 82.64% indicates the stock is a selling.
