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Recent Insider Activity Could Benefit Williams Cos Inc (WMB)

Williams Cos Inc’s filing revealed that its SVP & General Counsel Wilson Terrance Lane unloaded Company’s shares for reported $0.11 million on Jan 02 ’25. In the deal valued at $54.50 per share,2,000 shares were sold. As a result of this transaction, Wilson Terrance Lane now holds 298,200 shares worth roughly $16.57 million.

Then, Wilson Terrance Lane bought 2,000 shares, generating $109,000 in total proceeds.

Before that, Wilson Terrance Lane sold 2,000 shares. Williams Cos Inc shares valued at $117,200 were divested by the SVP & General Counsel at a price of $58.60 per share. As a result of the transaction, Wilson Terrance Lane now holds 300,200 shares, worth roughly $16.68 million.

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 Tuesday, Williams Cos Inc [NYSE:WMB] saw its stock fall -0.47% to $55.55. Over the last five days, the stock has gained 2.57%. Williams Cos Inc shares have risen nearly 2.64% since the year began. Nevertheless, the stocks have risen 56.26% over the past one year. While a 52-week high of $60.36 was reached on 01/06/25, a 52-week low of $32.65 was recorded on 01/02/25. SMA at 50 days reached $55.33, while 200 days put it at $46.03.

Levels Of Support And Resistance For WMB Stock

The 24-hour chart illustrates a support level at 55.18, which if violated will result in even more drops to 54.81. On the upside, there is a resistance level at 56.00. A further resistance level may holdings at 56.45. The Relative Strength Index (RSI) on the 14-day chart is 53.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.72%. Stochastics %K at 78.54% indicates the stock is a holding.

How much short interest is there in Williams Cos Inc?

A steep rise in short interest was recorded in Williams Cos Inc stocks on 2024-12-13, growing by 2.65 million shares to a total of 17.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 14.45 million shares. There was a rise of 15.48%, which implies that there is a positive sentiment for the stock.

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