Home / Basic Materials / Southwestern Energy Company (SWN) Dives 3.66% in Morning Session on September 23

Southwestern Energy Company (SWN) Dives 3.66% in Morning Session on September 23

Southwestern Energy Company (SWN) lost ground during morning trading on September 23 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 3.66% to $13.81 after closing the day prior at $14.34. So far, the stock has traded as high as $14.47 and as low as $13.75. Today’s decline has come with about 5.95 million shares changing hands, compared to an average 30-day volume of 10.27 million for Southwestern Energy Company. The price is currently below the 30-day volume weighted average price of $14.16 for SWN.

The share depreciation gives the company a market capitalization of $7.08 billion based upon 493.46 million shares outstanding. It also means that SWN has a price-to-book ratio of 12.35:1.

In the past 52 weeks, shares of SWN have traded as low as $5.0 and as high as $15.59. Technical traders will take note that at $13.81, shares of SWN are trading above their 200-day MA at $10.78 and below their 50-day MA at $14.06. 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.

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