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Wells Fargo WFC (news,
chart,
quote) - WFC volatility Elevated into fund raising for WB deal
WFC is recently trading at $29.85 in pre-open trading, below its close of $31.68. WFC said it would raise $10 billion, primarily through the sale of common stock to help fund its purchase of WB. WFC November option implied volatility is at 90, December is at 80; above its 26-week average of 74 according to Track Data, suggesting larger price movement.
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