Wells Fargo & Co. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Wells Fargo & Co. (WFC) sank 0.61% to $40.98 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 4,205.52 and the Dow Jones Industrial Average falling 0.15% to 33,042.78.
The stock's fall snapped a two-day winning streak.
Wells Fargo & Co. closed $7.86 short of its 52-week high ($48.84), which the company achieved on February 14th.
The stock underperformed when compared to some of its competitors Tuesday, as U.S. Bancorp (USB) fell 0.03% to $30.66, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) rose 1.23% to $23.11, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) rose 1.29% to $16.47.
Trading volume (14.6 M) remained 10.8 million below its 50-day average volume of 25.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 30, 2023.
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May 30, 2023 17:32 ET (21:32 GMT)
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