Should You Buy Wells Fargo & Co (WFC) Stock on Wednesday?

Overall market sentiment has been down on Wells Fargo & Co (WFC) stock lately. WFC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Wells Fargo & Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WFC!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WFC Stock Today?

Wells Fargo & Co (WFC) stock is trading at $46.66 as of 11:01 AM on Wednesday, Sep 29, a gain of $0.74, or 1.61% from the previous closing price of $45.92. The stock has traded between $45.93 and $46.86 so far today. Volume today is less active than usual. So far 5,853,673 shares have traded compared to average volume of 28,536,231 shares.

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 four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. Click Here to get the full Stock Report for Wells Fargo & Co stock.