Williams Cos stock falls on Monday

Williams Companies stock took a major hit Monday. Dropping more than three dollars a share, and losing nearly 23% of its market value. <br><br>The stock closed at just below eleven dollars at $10.93

Monday, June 3rd 2002, 12:00 am

By: News On 6

Williams Companies stock took a major hit Monday. Dropping more than three dollars a share, and losing nearly 23% of its market value.

The stock closed at just below eleven dollars at $10.93 a share. Compare that to the nearly 40 dollars a share it was selling for last year.

One area financial expert says one of the reasons for the drop in Williams stock is the lowering of the companiesâ€™ bond rating by Standard and Poors.