August 9, 2016 - 2:36 PM EDT
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Southwestern Energy Company (SWN) Dives 4.21% in Morning Session on August 9

Southwestern Energy Company (SWN) lost ground during morning trading on August 9 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 SWN have fallen 4.21% to $13.53 after closing the day prior at $14.12. So far, the stock has traded as high as $14.18 and as low as $13.51. Today's decline has come with about 4.67 million shares changing hands, compared to an average 30-day volume of 17.95 million for Southwestern Energy Company. The price is currently below the 30-day volume weighted average price of $13.75 for SWN. The share depreciation gives the company a market capitalization of $6.97 billion based upon 493.46 million shares outstanding. It also means that SWN has a price-to-book ratio of 12.16:1. In the past 52 weeks, shares of SWN have traded as low as $5.0 and as high as $19.08. Technical traders will take note that at $13.53, shares of SWN are trading above their 200-day MA at $10.16 and below their 50-day MA at $13.63. 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 SWN? Southwestern Energy Co is an energy company. It explores, develops, and produces natural gas and crude oil within the United States. The company’s 2597 employees are led by CEO William J. Way from the corporate headquarters at 10000 Energy Drive in Spring, TX. For more information on SWN 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.


Source: Financial Press News (August 9, 2016 - 2:36 PM EDT)

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