Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wells Fargo & Co shares valued at $3,822,000 were sold by Williams Ather III on Oct 16 ’24. At $63.70 per share, Williams Ather III sold 60,000 shares. The insider’s holdings dropped to 163,610 shares worth approximately $10.74 million following the completion of this transaction.
Also, Williams Ather III purchased 60,000 shares, netting a total of over 3,822,000 in proceeds.
Before that, Van Beurden Saul had sold 35,000 shares from its account. In a trade valued at $2,169,650, the Sr. Executive Vice President traded Wells Fargo & Co shares for $61.99 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $8.32 million.
As published in a research note from RBC Capital Mkts on March 13, 2025, Wells Fargo & Co [WFC] has been rated up from a Sector perform to an Outperform and the price target has been revised to $80. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of September 06, 2024, Evercore ISI has reiterated its “an Outperform” rating for WFC. Earlier on September 03, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for WFC stock which previously was a “a Hold”.
Analyzing WFC Stock Performance
During the last five days, there has been a drop of approximately -9.14%. Over the course of the year, Wells Fargo & Co shares have dropped approximately -6.51%. Shares of the company reached a 52-week high of $81.50 on 02/06/25 and a 52-week low of $65.41 on 04/03/25. A 50-day SMA is recorded $75.22, while a 200-day SMA reached $66.14.
Support And Resistance Levels for Wells Fargo & Co (WFC)
According to the 24-hour chart, there is a support level at 64.48, which, if violated, would cause prices to drop to 63.29. In the upper region, resistance lies at 67.79. The next price resistance is at 69.91. RSI (Relative Strength Index) is 31.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.09, which suggests the price will decrease in the coming days. Percent R is at 97.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
