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These Numbers Show Favorable Signs for Wells Fargo & Co. (WFC)

Wells Fargo & Co. (NYSE: WFC) is 25.74% higher on its value in year-to-date trading and has touched a low of $37.18 and a high of $61.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WFC stock was last observed hovering at around $61.28 in the last trading session, with the day’s gains setting it 0.61%.

Currently trading at $61.89, the stock is 4.02% and 6.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.42 million and changing 1.00% at the moment leaves the stock 28.60% off its SMA200. WFC registered 61.68% gain for a year compared to 6-month gain of 51.02%.

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The stock witnessed a 9.17% loss in the last 1 month and extending the period to 3 months gives it a 28.78%, and is 3.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.44% over the week and 1.89% over the month.

Wells Fargo & Co. (WFC) has around 226000 employees, a market worth around $215.77B and $120.67B in sales. Current P/E ratio is 12.91 and Fwd P/E is 11.26. Profit margin for the company is 14.57%. Distance from 52-week low is 66.46% and 0.21% from its 52-week high. The company has generated returns on investments over the last 12 months (3.12%).

The EPS is expected to grow by 3.81% this year.

Wells Fargo & Co. (WFC) Top Institutional Holders

The shares outstanding are 3.60B, and float is at 3.48B with Short Float at 1.11%.

Wells Fargo & Co. (WFC) Insider Activity

The most recent transaction is an insider purchase by DAVIS RICHARD K,the company’sDirector. SEC filings show that DAVIS RICHARD K bought 3,500 shares of the company’s common stock on Nov 09 ’23 at a price of $41.22 per share for a total of $0.14 million. Following the purchase, the insider now owns 4244.0 shares.

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