Macroeconomic Headwinds To Weigh On Williams Companies Stock

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shares of Williams Companies (NYSE: WMB) Benchmark gas prices surpassed pre-Covid levels largely on the back of a sharp rise in benchmark gas prices due to macroeconomic recovery and production cuts by OPEC. However, the recent drop by Omicron Edition earlier this month was triggered by fears of another contagion wave. The Williams Companies is an energy infrastructure company that provides gas pipeline services and assembly and processing services to upstream oil and gas companies. The company handles about 30% of the country’s natural gas volume. Despite the potential for increased production volumes in the US in the current uncertain demand environment, there is a roughly equal chance of stocks rising or falling after the recent decline.

So is the Williams Companies stock likely to decline further in the coming weeks and months, or is a recovery more likely? According to the Trefis machine learning engine, which analyzes historical stock price movements, WMB stock has a 49% chance of growth in the next month (21 trading days). View our analysis Williams Companies Stock Chance of Rise for more information.

Day Five: WMB -0.4%, vs. S&P 500 2.9%; Underperforming market (48% chance of occurrence)

  • Shares of Williams Company declined 0.5% in the five-day trading period ended 12/28/2021 compared to the broader market (S&P500), which gained 2.9% over the same period.
  • a change of -0.4% or less 5 day period 1214 times out of 2515 (48%); Out of these 1214 cases (51%), 620 saw the stock rally in the next five days.

Day 10: WMB -3.6%, versus the S&P 500 0.5%; Underperforming market (21% chance of occurrence)

  • Shares of Williams Company fell 3.6% over the past ten trading days (two weeks) compared to the broader market (S&P 500), which gained 0.5%.
  • -3.6% change or less 10 day period 532 times out of 2515 (21%); Out of these 532 cases (53%) the stock went up in 282 over the next 10 days.

Twenty One Days: WMB -10%, vs. S&P 500 0.8%; Underperforming market (11% chance of occurrence)

  • Shares of Williams Company declined 10% over the past twenty-one trading days (about a month) compared to the broader market (S&P500), down 0.8%.
  • -10% or less return 21 day period 276 times out of 2515 (11%); Out of these 276 cases (49%), 134 stocks rose over the next 21 days.

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