Williams Cos stock slips 1.36% for third straight daily loss
Updated
Updated · MarketWatch · May 8
Williams Cos stock slips 1.36% for third straight daily loss
3 articles · Updated · MarketWatch · May 8
The shares closed at $71.96 on Friday, lagging a broader market rally as the S&P 500 rose 0.84% and the Dow edged up 0.02%.
Williams ended 7.04% below its 52-week high of $77.41 reached on May 5, while peers Enterprise Products Partners and Kinder Morgan also fell.
Trading volume was 4.7 million shares, about 1.7 million below its 50-day average of 6.4 million, even as Williams outperformed some rivals despite the decline.
Williams Cos. posted record profits and hiked dividends. Why did its stock just suffer its third straight daily loss?
With insiders selling millions in stock, is Wall Street's bullish forecast for this AI-powering energy giant wrong?