Northwest Natural Gas Company (NWN) Moves Lower on Volume Spike for May 16

Equities Staff  |

Northwest Natural Gas Company (NWN) traded on unusually high volume on May. 16, as the stock lost 1.34% to close at $59.00. On the day, Northwest Natural Gas Company saw 252,282 shares trade hands on 2,409 trades. Considering that the stock averages only a daily volume of 125,604 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $69.50 and $51.50 over the last 52-weeks, its 50-day SMA is now $58.34, and its 200-day SMA $60.83. Northwest Natural Gas Company has a P/B ratio of 2.2.

Northwest Natural Gas along with its subsidiaries distributes natural gas in Oregon, Washington and California. The company has two business segments: Utility segment and Gas Storage segment.

Headquartered in Portland, OR, Northwest Natural Gas Company has 1,146 employees and is currently under the leadership of CEO David H. Anderson.

For a complete fundamental analysis analysis of Northwest Natural Gas Company, check out Equities.com’s Stock Valuation Analysis report for NWN.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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