Williams Companies (The) (WMB) : Traders are bullish on Williams Companies (The) (WMB) as it has outperformed the S&P 500 by a wide margin of 12.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.64%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.61% in the last 1 week, and is up 12.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Williams Companies, Inc. is up 28.75% in the last 3-month period. Year-to-Date the stock performance stands at 15.07%. The stock has recorded a 20-day Moving Average of 10.38% and the 50-Day Moving Average is 19.55%.
Williams Companies (The) (NYSE:WMB): The stock opened at $27.95 on Friday but the bulls could not build on the opening and the stock topped out at $28.00 for the day. The stock traded down to $27.43 during the day, due to lack of any buying support eventually closed down at $27.68 with a loss of -1.53% for the day. The stock had closed at $28.11 on the previous day. The total traded volume was 13,763,721 shares.
Also, In the latest statement by the brokerage house, Raymond James upgrades its outlook on Williams Companies (The) (NYSE:WMB). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on August 3, 2016.
The Williams Companies, Inc. is an energy infrastructure company focused on connecting North Americas hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins. The Company operates through three segments: Williams Partners, comprised of its consolidated partnership Pre-merger WPZ (Williams Partners L.P.), which includes gas pipeline and midstream businesses; Access Midstream, comprised of its consolidated master limited partnership ACMP (Access Midstream Partners, L.P.), which includes certain domestic midstream businesses that provide gathering, treating, and compression services to producers under long-term, fee-based contracts, and Williams NGL and Petchem Services, comprised of certain other domestic olefins pipeline assets and certain Canadian growth projects under development, including a propane dehydrogenation facility and a liquids extraction plant.