Wells Fargo & Co. Stock Rises Thursday, Still Underperforms Market
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Shares of Wells Fargo & Co. (WFC) inched 0.07% higher to $40.90 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.88% to 4,151.28 and the Dow Jones Industrial Average falling 0.11% to 32,764.65.
Wells Fargo & Co. closed $7.94 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 Thursday, as U.S. Bancorp (USB) fell 0.97% to $30.51, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) fell 0.70% to $22.81, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) rose 0.18% to $16.20.
Trading volume (17.7 M) remained 8.7 million below its 50-day average volume of 26.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2023.
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(END) Dow Jones Newswires
May 25, 2023 17:33 ET (21:33 GMT)
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