Midday Update: Williams Companies Inc. (The) (WMB) Charges Ahead 7.35% on August 3

Williams Companies Inc. (The) (WMB) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on August 3. At the lunch break, shares of WMB have gained 7.35% to $25.72 after closing the day prior at $23.96. In the first two and a half hours of trading, the stock has gone as high as $25.87 and as low as $23.83. Today's rise has come with about 12.4 million shares changing hands, compared to an average 30-day volume of 13.77 million for Williams Companies Inc. (The). The price is currently below the 30-day volume weighted average price of $24.74 for WMB.

The share appreciation gives the company a market capitalization of $17.98 billion based upon 750.53 million shares outstanding. It also means that WMB has a price-to-book ratio of 3.16:1.

In the past 52 weeks, shares of WMB have traded as low as $10.22 and as high as $55.42. Technical traders will take note that at $25.72, shares of WMB are trading above their 200-day MA at $21.89 and above their 50-day MA at $22.09. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is WMB?

Williams Companies Inc is an energy infrastructure company. It is engaged in connecting North America's hydrocarbon resource plays to growing markets for natural gas, NGLs, and olefins. The company’s 6578 employees are led by CEO Alan S. Armstrong from the corporate headquarters at One Williams Center in Tulsa, OK.

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