Wells Fargo & Company (WFC) Moves Lower on Volume Spike for February 06

Equities Staff  |

Wells Fargo & Company (WFC) traded on unusually high volume on Feb. 06, as the stock lost 1.51% to close at $57.28. On the day, Wells Fargo & Company saw 82.59 million shares trade hands on 348,617 trades. Considering that the stock averages only a daily volume of 19.18 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $66.31 and $49.27 over the last 52-weeks, its 50-day SMA is now $60.72, and its 200-day SMA $54.79. Wells Fargo & Company has a P/B ratio of 1.55. It also has a P/E ratio of 14.3.

Wells Fargo & Co operates as one of the largest banks in the United States. Its business operations are split into three segments: community banking; wholesale banking; and wealth, brokerage, and retirement.

Headquartered in San Francisco, CA, Wells Fargo & Company has 268,000 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of Wells Fargo & Company, check out Equities.com’s Stock Valuation Analysis report for WFC.

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To get more information on Wells Fargo & Company and to follow the company’s latest updates, you can visit the company’s profile page here: WFC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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