The market has been high on Wells Fargo & Co (WFC) stock recently. WFC gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With WFC Stock Today?
Wells Fargo & Co (WFC) stock is lower by -1.34% while the S&P 500 is up 0.19% as of 3:20 PM on Monday, Aug 10. WFC is down -$0.33 from the previous closing price of $25.07 on volume of 38,569,614 shares. Over the past year the S&P 500 has risen 16.46% while WFC is down -45.66%. WFC earned $0.88 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.36.
To see InvestorsObserver's Sentiment Score for Wells Fargo & Co click here.
More About Wells Fargo & Co
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking; wholesale banking; and wealth and investment management. The community banking segment serves consumers and small businesses with products including deposit accounts, credit and debit cards, and student, mortgage, and home equity loans. Wholesale banking includes corporate and commercial real estate lending, asset-based lending and trade financing, merchant services, and capital markets businesses. Wealth and investment management includes advisory, brokerage, retirement, and trust services.
