July 26, 2016 - 7:13 PM EDT
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Services Sector Fueled by 6.88% Gain from Golar LNG Limited (GLNG) on July 26

Golar LNG Limited (GLNG) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on July 26, climbing 6.88% to wrap the day at $17.41 after closing the day prior at $16.29. Throughout the trading session, shares of GLNG rose as high as $18.88 and dipped as low as $17.23. Today's advance came with about 6.52 million shares changing hands, compared to an average 30-day volume of 2.34 million for Golar LNG Limited. The price is currently below the 30-day volume weighted average price of $17.98 for GLNG. The share appreciation today gives the company a market capitalization of $1.63 billion based upon 93.55 million shares outstanding. It also means that GLNG has a price-to-book ratio of 0.85:1. In the past 52 weeks, shares of GLNG have traded as low as $9.42 and as high as $44.53. Technical traders will take note that at $17.41, shares of GLNG are trading below their 200-day MA at $19.38 and above their 50-day MA at $16.62. 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 above them is typically regarded as bullish. Who is GLNG? Golar LNG Ltd is a midstream LNG company engaged in the transportation, regasification and liquefaction and trading of LNG. It is engaged in the acquisition, ownership, operation and chartering of LNG carriers. The company’s 705 employees are led by CEO from the corporate headquarters at 9 Par-la-Ville Road in Hamilton, . For more information on GLNG 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 4:00 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.

Source: Financial Press News (July 26, 2016 - 7:13 PM EDT)

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