Exxon Mobil Corporation (XOM) Dives 2.92% in Morning Session on August 1

Exxon Mobil Corporation (XOM) lost ground during morning trading on August 1 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of XOM have fallen 2.92% to $86.36 after closing the day prior at $88.95. So far, the stock has traded as high as $88.15 and as low as $86.31. Today's decline has come with about 9.53 million 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 $86.94 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 $86.36, 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 FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com 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.