Southwest Gas ( (SWX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Southwest Gas shares experienced a decline following the announcement of CFO Rob Stefani’s departure, which has led to a search for his successor. Despite reporting higher net income from continuing operations and focusing on its regulated natural gas business after separating from Centuri, the market reacted to the uncertainty surrounding leadership changes. Additionally, the company is anticipating regulatory developments and planned rate cases in Arizona and Nevada to align investment recovery with community work.
More about Southwest Gas
YTD Price Performance: 19.40%
Average Trading Volume: 373,291
Technical Sentiment Signal: Buy
Current Market Cap: $5.93B
For further insights into SWX stock on TipRanks’ Stock Analysis page.
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