Wells Fargo & Co. Sees Unusually Large Options Volume (WFC)
Shares of Wells Fargo & Co. (NYSE:WFC) saw some unusual options trading on Monday. Stock traders purchased 45,996 call options on the company, AmericanBankingNews.com reports. This is an increase of 234% compared to the average daily volume of 13,755 call options.
A number of research firms have recently commented on WFC. Analysts at Barclays raised their price target on shares of Wells Fargo & Co. from $48.00 to $52.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note to investors on Sunday, January 5th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note to investors on Friday, December 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wells Fargo & Co. has a consensus rating of “Hold” and a consensus price target of $44.52.
Shares of Wells Fargo & Co. (NYSE:WFC) traded down 0.83% on Monday, hitting $45.56. The stock had a trading volume of 20,911,940 shares. Wells Fargo & Co. has a one year low of $34.50 and a one year high of $46.20. The stock has a 50-day moving average of $44.66 and a 200-day moving average of $43.01. The company has a market cap of $240.0 billion and a price-to-earnings ratio of 12.09.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company.
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