August 1, 2016 - 4:10 PM EDT
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ONEOK Inc. (OKE) Down 3.39% at Midday on August 1

ONEOK Inc. (OKE) 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 utilities sector halfway through the trading day. At the lunch break, shares of OKE have fallen 3.39% to $43.27 after closing the day prior at $44.79. So far, the stock has traded as high as $44.69 and as low as $43.25. Today's decline has come with about 947,450 shares changing hands, compared to an average 30-day volume of 2.68 million for ONEOK Inc.. The price is currently below the 30-day volume weighted average price of $43.75 for OKE. The share depreciation gives the company a market capitalization of $9.41 billion based upon 210.1 million shares outstanding. It also means that OKE has a price-to-book ratio of 32.8:1. In the past 52 weeks, shares of OKE have traded as low as $18.84 and as high as $49.085. Technical traders will take note that at $43.27, shares of OKE are trading above their 200-day MA at $32.19 and below their 50-day MA at $45.51. 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 OKE? ONEOK Inc is a diversified energy company. Its business segments include Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The company’s 2364 employees are led by CEO Terry K. Spencer from the corporate headquarters at 100 West Fifth Street in Tulsa, OK. For more information on OKE 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 12:00 PM 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 - 4:10 PM EDT)

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