Shares of Wells Fargo & Co.
inched 0.97% higher to $51.15 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.30% to 4,460.83 and the Dow Jones Industrial Average
rising 0.04% to 35,499.85. This was the stock’s third consecutive day of gains. Wells Fargo & Co. hit a new 52-week high, surpassing its previous peak of $50.73, which the company achieved on August 11th.
The stock outperformed some of its competitors Thursday, as JPMorgan Chase & Co.
rose 0.39% to $161.79, Bank of America Corp.
rose 0.48% to $42.15, and Citigroup Inc.
fell 0.23% to $74.13. Trading volume (21.7 M) remained 5.3 million below its 50-day average volume of 27.0 M.
View more information: https://www.marketwatch.com/story/wells-fargo-co-stock-rises-thursday-outperforms-market-01628803789-a7a53f7d7998