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BofA Securities gives a Buy recommendation for Williams Cos Inc (WMB)

Williams Cos Inc’s recent filing unveils that its SVP & General Counsel Wilson Terrance Lane unloaded Company’s shares for reported $90580.0 on Oct 01 ’24. In the deal valued at $45.29 per share,2,000 shares were sold. As a result of this transaction, Wilson Terrance Lane now holds 304,200 shares worth roughly $15.97 million.

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Then, Wilson Terrance Lane bought 2,000 shares, generating $90,580 in total proceeds.

Before that, Wilson Terrance Lane bought 2,000 shares. Williams Cos Inc shares valued at $89,580 were divested by the Officer at a price of $44.79 per share.

A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early October from “an Equal-weight” to “an Overweight”. Seaport Research Partners also remained covering WMB and has decreased its forecast on July 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. Argus revised its rating on June 20, 2024. It rated WMB as “a Buy” which previously was an “a Hold”.

Price Performance Review of WMB

On Friday, Williams Cos Inc [NYSE:WMB] saw its stock fall -0.23% to $52.50. Over the last five days, the stock has gained 0.27%. Williams Cos Inc shares have risen nearly 50.73% since the year began. Nevertheless, the stocks have risen 52.35% over the past one year. While a 52-week high of $52.82 was reached on 10/25/24, a 52-week low of $32.65 was recorded on 02/14/24. SMA at 50 days reached $47.13, while 200 days put it at $41.09.

Levels Of Support And Resistance For WMB Stock

The 24-hour chart illustrates a support level at 52.19, which if violated will result in even more drops to 51.87. On the upside, there is a resistance level at 52.83. A further resistance level may holdings at 53.16. The Relative Strength Index (RSI) on the 14-day chart is 75.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.06%. Stochastics %K at 91.46% indicates the stock is a selling.

How much short interest is there in Williams Cos Inc?

A steep rise in short interest was recorded in Williams Cos Inc stocks on 2024-10-15, dropping by -6.25 million shares to a total of 20.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 27.14 million shares. There was a decline of -29.93%, which implies that there is a negative sentiment for the stock.

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