DJ Wells Fargo & Co. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Wells Fargo & Co. $(WFC)$ rallied 1.24% to $61.10 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.87% to 5,010.60 and the Dow Jones Industrial Average rising 0.67% to 38,239.98.
This was the stock's fourth consecutive day of gains.
Wells Fargo & Co. hit a new 52-week high, surpassing its previous peak of $60.85, which the company reached on April 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as U.S. Bancorp $(USB)$ rose 1.48% to $41.05, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) (USB.PRP) rose 0.43% to $23.51, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) (USB.PRQ) rose 0.74% to $16.25.
Trading volume (21.3 M) eclipsed its 50-day average volume of 19.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 22, 2024.
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(END) Dow Jones Newswires
April 22, 2024 16:36 ET (20:36 GMT)
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