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THE REAL MOST ACTIVE A Wild Day In The Oil Patch At The NYSE.(MAKING MONEY)
Byline: CHRISTINA WISE
The major NYSE indexes dipped into the red Monday, as oil and gas firms logged some of the day's biggest moves. The S&P 500 finished down 0.2%, while the Dow fell 0.3%.
W & T Offshore tumbled 2.44 to 29.99 as volume swelled to more than three times its usual level. The stock came public in January 2005 at 19 a share and hit an all-time high of 34.44 Sept. 21. Monday's action pushed it back to its 10-week average, where it found support.
The move came after the oil and gas firm said Hurricane Rita significantly damaged five of its offshore platforms. JPMorgan downgraded the stock.
But others in the oil and gas industry scored gains Monday. Southwestern Energy surged 8.90 to a record high of ...
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