Wells Fargo & Co.’s filing revealed 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 $0.24 million.
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Wolfe Research upgraded its Wells Fargo & Co. [WFC] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in early September has reiterated a ‘”an Outperform”‘ rating for it. Deutsche Bank also remained covering WFC and has increased its forecast on September 03, 2024 with a “Buy” recommendation from previously “Hold” rating. Compass Point revised its rating on April 09, 2024. It rated WFC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of WFC
On Tuesday, Wells Fargo & Co. [NYSE:WFC] saw its stock jump 0.24% to $57.30. Over the last five days, the stock has gained 3.45%. Wells Fargo & Co. shares have risen nearly 16.42% since the year began. Nevertheless, the stocks have risen 44.37% over the past one year. While a 52-week high of $62.55 was reached on 05/15/24, a 52-week low of $38.58 was recorded on 01/18/24. SMA at 50 days reached $55.28, while 200 days put it at $55.82.
Levels Of Support And Resistance For WFC Stock
The 24-hour chart illustrates a support level at 56.95, which if violated will result in even more drops to 56.61. On the upside, there is a resistance level at 57.96. A further resistance level may holdings at 58.63. The Relative Strength Index (RSI) on the 14-day chart is 57.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.74%. Stochastics %K at 88.35% indicates the stock is a selling.
How much short interest is there in Wells Fargo & Co.?
A steep rise in short interest was recorded in Wells Fargo & Co. stocks on 2024-09-13, growing by 2.49 million shares to a total of 32.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 29.57 million shares. There was a rise of 7.76%, which implies that there is a positive sentiment for the stock.
