WFC stock fell to $75.69, halting a six-session rally that outperformed the S&P 500 by 4 percentage points.
Wells Fargo shares declined 2.36% to $75.69, ending a six-day rally that saw the stock rise 5.58%. The broader S&P 500 Index gained 1.49% over the same period, lagging Wells Fargo’s advance.
The pullback follows a period of outperformance, though the stock’s recent gains remain modest compared to its longer-term trajectory. No specific catalyst for the decline was cited in trading updates.
Market reaction was muted, with the S&P 500 holding steady in afternoon trading.