Stock Traders Buy Large Volume of Wells Fargo & Company Call Options (NYSE:WFC)

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Wells Fargo & Company (NYSE:WFC) experienced unusually high call option trading volume, with 93,652 call options bought, an 84% increase. This activity comes as WFC shares declined by 3.9% to $77.31 despite the company beating EPS estimates but slightly missing revenue expectations in its latest quarterly report. Analysts currently have a “Moderate Buy” rating for WFC with a consensus target price of $97.03.

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