Lower Oil And Barron's Pan Sinks Kinder Morgan
Kinder Morgan Inc (NYSE: KMI) shares are trading lower by $1.12 at $15.70. It is trading lower for the eighth day in a row, falling from its November 24 close ($24.41) to its current level over that period.
Sharply lower Crude Oil prices coupled with negative comments from Barron’s over the weekend has the issue trading at its lowest price ever.
After a slightly lower open, it found resistance at the lower end of Friday’s range ($16.56), reaching $16.59 before swooning to $15.13.
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