Wells Fargo & Co.’s recent filing unveils that its Sr. Executive Vice President Williams Ather III unloaded Company’s shares for reported $3.82 million on Oct 16 ’24. In the deal valued at $63.70 per share,60,000 shares were sold. As a result of this transaction, Williams Ather III now holds 163,610 shares worth roughly $10.56 million.
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Then, Williams Ather III bought 60,000 shares, generating $3,822,000 in total proceeds.
Before that, Van Beurden Saul sold 35,000 shares. Wells Fargo & Co. shares valued at $2,169,650 were divested by the Sr. Executive Vice President at a price of $61.99 per share. As a result of the transaction, Van Beurden Saul now holds 126,687 shares, worth roughly $8.18 million.
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 Friday, Wells Fargo & Co. [NYSE:WFC] saw its stock fall -1.38% to $64.53. Over the last five days, the stock has gained 0.26%. Wells Fargo & Co. shares have risen nearly 31.11% since the year began. Nevertheless, the stocks have risen 65.33% over the past one year. While a 52-week high of $65.57 was reached on 10/25/24, a 52-week low of $38.58 was recorded on 01/18/24. SMA at 50 days reached $57.53, while 200 days put it at $56.70.
Levels Of Support And Resistance For WFC Stock
The 24-hour chart illustrates a support level at 63.87, which if violated will result in even more drops to 63.20. On the upside, there is a resistance level at 65.57. A further resistance level may holdings at 66.61. The Relative Strength Index (RSI) on the 14-day chart is 70.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.99%. Stochastics %K at 91.80% 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 2024-10-15, growing by 3.67 million shares to a total of 35.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 32.05 million shares. There was a rise of 10.28%, which implies that there is a positive sentiment for the stock.
