Williams Partners LP (WPZ) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $1.97 million worth of transactions were on upticks, whereas, the downticks accounted for $1.75 million worth of transactions. The net money flow was a positive $0.22 million and the uptick to downtick ratio was 1.12. The net money flow into the stock was $0 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Williams Partners LP (WPZ) was trading at $37.75, down $0.12 during day. The stock slid -0.32% over the previous days close. For the week, the stock recorded 1.83% over the previous weeks close.
Institutional Investors own 36.16% of Williams Partners LP shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Williams Partners L.P., Armstrong Alan S had purchased shares worth of $315,750 in a transaction dated on December 7, 2015. A total of 15,000 shares were purchased at a price of $21.05 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Williams Partners LP (NYSE:WPZ): The stock opened at $38.25 and touched an intraday high of $38.55 on Friday. During the day, the stock corrected to an intraday low of $37.69, however, the bulls stepped in and pushed the price higher to close in the green at $38.47 with a gain of 1.58% for the day. The total traded volume for the day was 972,964. The stock had closed at $37.87 in the previous trading session.
Williams Partners LP (WPZ) : Traders are bullish on Williams Partners LP (WPZ) as it has outperformed the S&P 500 by a wide margin of 5.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.78% in the last 1 week, and is up 5.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Williams Partners L.P., formerly Access Midstream Partners, L.P., owns, operates, develops and acquires natural gas, natural gas liquids (NGLs) and oil gathering systems, and other midstream energy assets. The Companys business segments include Access Midstream, Northeast G&P, Atlantic-Gulf, West and NGL & Petchem Services. The Access Midstream segment provides gathering, treating, and compression services to producers. The Northeast G&P segment includes natural gas gathering and processing and NGL fractionation businesses. Atlantic-Gulf segment includes its interstate natural gas pipeline, Transcontinental Gas Pipeline Company, LLC (Transco), and natural gas gathering and processing and crude oil production handling and transportation. The NGL & Petchem Services segment includes its 88.5% interest in an olefins production facility in Geismar, Louisiana, along with an RGP Splitter and various petrochemical and feedstock pipelines.