Pitcairn Co. Sells 12,878 Shares of Wells Fargo & Company $WFC

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Pitcairn Co. has reduced its stake in Wells Fargo & Company (WFC) by 25.4%, selling 12,878 shares and now holding 37,920 shares valued at $3.18 million. This comes as Wells Fargo saw heavy insider selling, including executives Kleber Santos and Bridget E. Engle, totaling $10.05 million in the last quarter. Despite a recent regulatory positive with the Federal Reserve ending an enforcement order, the stock has shown near-term weakness, though analysts maintain an average “Moderate Buy” rating with a target price of $97.

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