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 $11.59 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 $8.97 million.
RBC Capital Mkts upgraded its Wells Fargo & Co [WFC] rating to an Outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early October from “a Peer perform” to “an Outperform”. Evercore ISI also remained covering WFC and reiterated its “an Outperform” recommendation on September 06, 2024. Deutsche Bank revised its rating on September 03, 2024. It rated WFC as “a Buy” which previously was an “a Hold”.
Price Performance Review of WFC
On Monday, Wells Fargo & Co [NYSE:WFC] saw its stock fall -0.01% to $70.84. Over the last five days, the stock has gained 6.08%. Wells Fargo & Co shares have risen nearly 0.85% since the year began. Nevertheless, the stocks have risen 22.52% 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 03/10/25. SMA at 50 days reached $75.58, while 200 days put it at $65.25.
Levels Of Support And Resistance For WFC Stock
The 24-hour chart illustrates a support level at 70.10, which if violated will result in even more drops to 69.35. On the upside, there is a resistance level at 71.57. A further resistance level may holdings at 72.30. The Relative Strength Index (RSI) on the 14-day chart is 41.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.45%. Stochastics %K at 33.68% indicates the stock is a holding.
How much short interest is there in Wells Fargo & Co?
A steep rise in short interest was recorded in Wells Fargo & Co stocks on 2025-02-28, growing by 3.24 million shares to a total of 30.5 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 27.26 million shares. There was a rise of 10.62%, which implies that there is a positive sentiment for the stock.
