Wells Fargo Down Over 7%, On Pace for Lowest Close Since May 2009 -- Data Talk

Wells Fargo & Company (WFC) is currently at $22.26, down $1.78 or 7.38%

-- Would be lowest close since May 1, 2009, when it closed at $19.61

-- On pace for largest percent decrease since April 1, 2020, when it fell 7.42%

-- Earlier Wednesday, Compass Point cut its price target on Wells Fargo to $25.00/share from $33.00/share, Benzinga reported

-- The company announced that Nate Hurst will join the company on June 1 to oversee a newly combined organization that includes corporate responsibility, philanthropy, community relations, and sustainability. He will also serve as president of the Wells Fargo Foundation

-- Currently down nine of the past 10 days

-- Currently down three consecutive days; down 12.45% over this period

-- Worst three day stretch since the three days ending April 16, 2020, when it fell 14.44%

-- Down 23.36% month-to-date

-- Down 58.62% year-to-date

-- Down 66.23% from its all-time closing high of $65.93 on Jan. 26, 2018

-- Down 51.43% from 52 weeks ago (May 15, 2019), when it closed at $45.84

-- Down 59.12% from its 52 week closing high of $54.46 on Nov. 29, 2019

-- Would be a new 52 week closing low

-- Traded as low as $22.00; lowest intraday level since June 18, 2009, when it hit $21.57

-- Down 8.49% at today's intraday low; largest intraday percent decrease since April 1, 2020, when it fell as much as 8.71%

-- Fourth most active stock in the S&P 500 today

All data as of 3:20:17 PM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 13, 2020 15:46 ET (19:46 GMT)

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