Williams Cos stock falls on Monday

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 companies’ bond rating by Standard and Poors.