Wells Fargo & Co. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Wells Fargo & Co. (WFC) slumped 0.98% to $38.39 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
Wells Fargo & Co. closed $10.45 below its 52-week high ($48.84), which the company achieved on February 14th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as U.S. Bancorp (USB) fell 3.27% to $28.68, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) fell 3.44% to $21.63, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) fell 3.12% to $15.20.
Trading volume (19.5 M) remained 8.9 million below its 50-day average volume of 28.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 17:33 ET (21:33 GMT)
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