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Shares of Wells Fargo & Co. (WFC) slumped 0.83% to $40.87 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
The stock's fall snapped a two-day winning streak.
Wells Fargo & Co. closed $7.97 short of 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 Wednesday, as U.S. Bancorp (USB) fell 1.06% to $30.81, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) rose 0.31% to $22.97, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) rose 0.82% to $16.17.
Trading volume (21.2 M) remained 5.9 million below its 50-day average volume of 27.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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(END) Dow Jones Newswires
May 24, 2023 17:32 ET (21:32 GMT)
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