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Wells Fargo (WFC) Down 7.5% in 3 Months: To Buy or Stay Clear?
WFCWells Fargo(WFC) ZACKS·2024-08-20 14:55

Wells Fargo & Company's (WFC) shares tumbled 7.5% in the past three months, significantly underperforming the industry’s growth of 4%. During this period, the S&P 500 moved up 5.3%.3-Months Price PerformanceImage Source: Zacks Investment ResearchWFC is currently trading below its 50-day moving average, indicating a bearish sentiment among investors.50-Day Moving AverageImage Source: Zacks Investment ResearchThe stock is currently down 9.8% from its 52-week high of $62.55. Given the recent weakness in the WF ...