Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $3.19 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 $9.21 million.
As published in a research note from Wolfe Research on April 18, 2024, Williams Cos Inc [WMB] has been rated down from a Peer perform to an Underperform and the price target has been revised to $34. As of May 16, 2023, Citigroup has increased its “Neutral” rating to a “Buy” for WMB. Earlier on April 21, 2023, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for WMB stock which previously was a “a Strong buy”.
Analyzing WMB Stock Performance
During the last five days, there has been a surge of approximately 3.77%. Over the course of the year, Williams Cos Inc shares have jumped approximately 12.89%. Shares of the company reached a 52-week high of $39.99 on 05/07/24 and a 52-week low of $32.65 on 02/14/24. A 50-day SMA is recorded $38.02, while a 200-day SMA reached $35.57. Nevertheless, trading volume fell to 6.18 million shares from 8.73 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 38.91, which, if violated, would cause prices to drop to 38.51. In the upper region, resistance lies at 39.57. The next price resistance is at 39.82. RSI (Relative Strength Index) is 60.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 26.48%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
