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Shares of Wells Fargo & Co. (WFC) dropped 0.62% to $40.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
Wells Fargo & Co. closed $8.63 below its 52-week high ($48.84), which the company reached on February 14th.
The stock underperformed when compared to some of its competitors Thursday, as U.S. Bancorp (USB) rose 0.13% to $30.49, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) rose 2.73% to $22.93, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) rose 2.42% to $16.11.
Trading volume (27.2 M) remained 1.5 million below its 50-day average volume of 28.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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(END) Dow Jones Newswires
May 18, 2023 17:32 ET (21:32 GMT)
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