Wells Fargo & Co’s filing revealed 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 $12.68 million.
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 $9.82 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 -1.44% to $77.50. Over the last five days, the stock has lost -1.71%. Wells Fargo & Co shares have risen nearly 10.34% since the year began. Nevertheless, the stocks have risen 49.70% over the past one year. While a 52-week high of $81.50 was reached on 02/06/25, a 52-week low of $50.15 was recorded on 01/10/25. SMA at 50 days reached $74.94, while 200 days put it at $64.30.
Levels Of Support And Resistance For WFC Stock
The 24-hour chart illustrates a support level at 76.74, which if violated will result in even more drops to 75.97. On the upside, there is a resistance level at 78.86. A further resistance level may holdings at 80.21. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.29%. Stochastics %K at 40.33% indicates the stock is a holding.
