The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Williams Cos Inc shares valued at $183,250 were sold by Larsen Larry C on Mar 06 ’24. At $36.65 per share, Larsen Larry C sold 5,000 shares. The insider’s holdings dropped to 81,016 shares worth approximately $3.15 million following the completion of this transaction.
Also, Hallam Scott A. sold 7,193 shares, netting a total of over 237,369 in proceeds. Following the sale of shares at $33.00 each, the insider now holds 226,973 shares.
Before that, Hallam Scott A. had sold 7,194 shares from its account. In a trade valued at $230,208, the SVP Transmission & Gulf of Mex traded Williams Cos Inc shares for $32.00 each. Upon closing the transaction, the insider’s holdings decreased to 7,194 shares, worth approximately $9.1 million.
Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of April 21, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for WMB.
Analyzing WMB Stock Performance
During the last five days, there has been a drop of approximately -1.19%. Over the course of the year, Williams Cos Inc shares have jumped approximately 11.63%. Shares of the company reached a 52-week high of $39.76 on 04/04/24 and a 52-week low of $32.65 on 02/14/24. A 50-day SMA is recorded $36.38, while a 200-day SMA reached $35.00. Nevertheless, trading volume fell to 8.52 million shares from 6.3 million shares the previous day.
Support And Resistance Levels for Williams Cos Inc (WMB)
According to the 24-hour chart, there is a support level at 38.67, which, if violated, would cause prices to drop to 38.46. In the upper region, resistance lies at 39.13. The next price resistance is at 39.38. RSI (Relative Strength Index) is 63.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 47.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Williams Cos Inc subject to short interest?
Stocks of Williams Cos Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 3.48 million shares to 22.7 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 19.22 million shares. A jump of 15.33% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.1.
