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Shares of Wells Fargo & Co. (WFC) inched 0.63% higher to $40.06 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.99% to 4,221.02 and the Dow Jones Industrial Average rising 0.47% to 33,061.57.
The stock's rise snapped a two-day losing streak.
Wells Fargo & Co. closed $8.78 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) rose 2.07% to $30.52, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) rose 0.48% to $22.84, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) rose 0.61% to $16.60.
Trading volume (16.9 M) remained 7.7 million below its 50-day average volume of 24.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 1, 2023.
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(END) Dow Jones Newswires
June 01, 2023 17:33 ET (21:33 GMT)
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