Why Southwestern Energy Stock Is Sinking Today
Weighing on the natural gas stock was a big block trade by large shareholders. Certain of its shareholders sold nearly 64 million shares of its stock, netting them $328.2 million in the sale. The natural gas producer had previously issued these shares to help fund its acquisition of Indigo Natural Resources -- a deal that closed in September. This sale likely won't be the last large one by major Southwestern Energy shareholders.