July 26, 2016 - 5:05 AM EDT
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Utility Stock (OKE) Falls 1.35% on July 26


ONEOK Inc. (OKE) was one of the weakest stocks in the utilities sector of the NYSE and NASDAQ listed companies on July 26, skidding 1.35% to close the day at $45.43 after closing the day prior at $46.05. Throughout the day, shares of OKE traded as high as $45.96 and as low as $44.85. Today’s decline came with about 2.45 million shares changing hands, compared to an average 30-day volume of 2.7 million for ONEOK Inc.. The price is currently below the 30-day volume weighted average price of $45.51 for OKE.

The share depreciation gives the company a market capitalization of $9.55 billion based upon 210.1 million shares outstanding. It also means that OKE has a price-to-book ratio of 33.73:1.

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 $45.43, shares of OKE are trading above their 200-day MA at $32.03 and above their 50-day MA at $45.25. 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 FinancialPress.com today.

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Source: Financial Press News (July 26, 2016 - 5:05 AM EDT)

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