Wells Fargo (WFC) Stock Slumps: Shares Plunge Over 3% on NYSE
NEW YORK, April 11 – Shares of Wells Fargo & Co (NYSE: WFC) took a significant hit during midday trading on Thursday, declining sharply from the previous day’s close.
As of 12:10:30 PM EDT, the banking giant’s stock was trading at 1.90, equating to a 3.01% loss for the session.
The stock began the trading day significantly below its previous closing price of $63.11, according to market data. The intraday chart reveals considerable volatility; after opening lower, the price dipped below the $60 mark before staging a partial recovery towards the current $61.21 level. Despite the bounce off the morning lows, Wells Fargo shares remain firmly in negative territory.
The performance of major financial institutions like Wells Fargo is often scrutinized by investors for insights into the health of the banking sector and the broader economy. Today’s downward move places the stock notably lower as trading continues into the afternoon.
