Wells Fargo & Co (WFC) power shutdown sends stock down

 

Wells Fargo & Co (WFC) stock is down after the company said they are having system issues, disruptions of service for online banking and mobile app customers, including business customers. Wells Fargo said that power was shut down after smoke was detected during maintenance at one of their facilities. The company said it is working to restore service.

WFC stock is currently trading at $47.90 as of 2:56 PM on Thursday, Feb 7, a decline of -$1.32, or -2.68% from the previous closing price of $49.22. The stock has traded between $47.71 and $49.30 so far today. Volume today is 17,277,586 compared to average volume of 21,634,664.

Meanwhile, the major indices are on the decline. The Dow Jones Industrial Average is down -1.09% to 25,113.90. The S&P 500 is lower by -1.23% to 2,698.11. The NASDAQ has fallen -1.41% to 7,271.05.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives WFC stock a score of 38 out of a possible 100. That score is based on three component scores. A fundamental score of 76, a long-term technical score of 14 and a short-term technical score of 23.

Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Get More Analysis and Trade Ideas on Wells Fargo & Co (WFC) Stock

Symbols: WFC

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