Wells Fargo & Co. Stock Rises Monday, Outperforms Market
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Shares of Wells Fargo & Co. (WFC) rallied 2.37% to $40.98 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.02% to 4,192.63 and the Dow Jones Industrial Average falling 0.42% to 33,286.58.
The stock's rise snapped a two-day losing streak.
Wells Fargo & Co. closed $7.86 below its 52-week high ($48.84), which the company reached on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as U.S. Bancorp (USB) rose 2.66% to $30.91, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) rose 0.67% to $22.97, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) fell 0.06% to $16.19.
Trading volume (26.3 M) remained 2.4 million below its 50-day average volume of 28.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 22, 2023.
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May 22, 2023 17:33 ET (21:33 GMT)
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