Published on 30 Nov 2021 on Market Watch
Wells Fargo & Co. stock underperforms Tuesday when compared to competitors
Shares of Wells Fargo & Co. shed 2.81% to $47.78 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.90% to 4,567.00 and Dow Jones Industrial Average falling 1.86% to 34,483.72. Wells Fargo & Co. closed $4.79 below its 52-week high ($52.57), which the company achieved on November 3rd.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. fell 1.49% to $158.83, Bank of America Corp. fell 2.46% to $44.47, and Citigroup Inc. fell 2.06% to $63.70. Trading volume (40.7 M) eclipsed its 50-day average volume of 24.3 M.