Published on 4 Dec 2021 on Market Watch
Shares of Wells Fargo & Co. shed 2.37% to $47.75 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.84% to 4,538.43 and Dow Jones Industrial Average falling 0.17% to 34,580.08. Wells Fargo & Co. closed $4.82 below its 52-week high ($52.57), which the company achieved on November 3rd.
The stock underperformed when compared to some of its competitors Friday, as JPMorgan Chase & Co. fell 1.81% to $158.29, Bank of America Corp. fell 2.27% to $43.87, and Citigroup Inc. fell 1.65% to $62.76. Trading volume (28.8 M) eclipsed its 50-day average volume of 25.2 M.