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Shares of Wells Fargo & Co. (WFC) dropped 0.45% to $40.03 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
This was the stock's second consecutive day of losses.
Wells Fargo & Co. closed $8.81 below its 52-week high ($48.84), which the company achieved on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as U.S. Bancorp (USB) fell 1.25% to $30.11, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) fell 0.49% to $22.82, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) rose 0.56% to $16.20.
Trading volume (19.1 M) remained 9.9 million below its 50-day average volume of 29.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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(END) Dow Jones Newswires
May 19, 2023 17:31 ET (21:31 GMT)
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