August 1, 2016 - 4:08 PM EDT
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Basic Materials Sector Feels Loss of 1.52% for Exxon Mobil Corporation (XOM) in Early Trading on August 1

Exxon Mobil Corporation (XOM) started the trading day on a down note, making it one of the worst performing stocks in the basic materials sector of NYSE and NASDAQ listed companies shortly after the opening bell on August 1. Shares of XOM have fallen 1.52% about 30 minutes into the session to $87.6 after closing the day prior at $88.95. It’s early, but the stock has traded as high as $88.15 and as low as $87.58 so far. Today's quick decline has come with about 752,318 shares changing hands, compared to an average 30-day volume of 11.33 million for Exxon Mobil Corporation. The price is currently below the 30-day volume weighted average price of $87.94 for XOM. The share depreciation gives the company a market capitalization of $368.84 billion based upon 4.15 billion shares outstanding. It also means that XOM has a price-to-book ratio of 2.14:1. In the past 52 weeks, shares of XOM have traded as low as $66.55 and as high as $95.55. Technical traders will take note that at $87.6, shares of XOM are trading above their 200-day MA at $83.29 and below their 50-day MA at $91.52. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is XOM? Exxon Mobil Corp is engaged in exploration for, and production of, crude oil and natural gas. It is also engaged in manufacturing of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. The company’s 73500 employees are led by CEO Rex W. Tillerson from the corporate headquarters at 5959 Las Colinas Boulevard in Irving, TX. For more information on XOM and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (August 1, 2016 - 4:08 PM EDT)

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