Southwestern Energy Company (SWN) Leads Basic Materials Laggards with a drop of 3.44% on September 19

Southwestern Energy Company (SWN" target="_new">SWN) was one of the weakest stocks in the basic materials sector of the NYSE and NASDAQ listed companies on September 19, skidding 3.44% to close the day at $5.33 after closing the day prior at $5.52. Throughout the day, shares of SWN" target="_new">SWN traded as high as $5.53 and as low as $5.28. Today's decline came with about 13.98 million shares changing hands, compared to an average 30-day volume of 16.85 million for Southwestern Energy Company. The price is currently below the 30-day volume weighted average price of $5.37 for SWN" target="_new">SWN. The share depreciation gives the company a market capitalization of $2.81 billion based upon 509.17 million shares outstanding. It also means that SWN has a price-to-book ratio of 1.79:1. In the past 52 weeks, shares of SWN" target="_new">SWN have traded as low as $5.0 and as high as $15.59. Technical traders will take note that at $5.33, shares of SWN" target="_new">SWN are trading below their 200-day MA at $7.99 and below their 50-day MA at $5.66. 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 oil and gas company that explores, develops, and produces oil and natural gas within the United States. It is focused on unconventional natural gas in two US shale plays and oil and gas formations in the United States. The company’s 1469 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 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. If you like this article, you can read more at FinancialPress.com