Wells Fargo & Co. Stock Falls Friday, Underperforms Market
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Shares of Wells Fargo & Co. (WFC) shed 2.19% to $37.49 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.16% to 4,124.08 and Dow Jones Industrial Average falling 0.03% to 33,300.62.
Wells Fargo & Co. closed $11.35 below its 52-week high ($48.84), which the company achieved on February 14th.
The stock underperformed when compared to some of its competitors Friday, as U.S. Bancorp (USB) rose 0.73% to $29.13, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) rose 0.90% to $22.42, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) remained unchanged.
Trading volume (17.7 M) remained 10.6 million below its 50-day average volume of 28.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2023.
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May 12, 2023 17:33 ET (21:33 GMT)
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