These 5 Stocks Are Making Big Moves; Here’s Why

Shares of nano-cap LightPath Technologies, Inc. (NASDAQ:LPTH) continued their two month-long rally today, as LightPath shares have rallied by another 10% in afternoon trading. Like Genworth Financial, there is no specific fundamental news event causing LightPath Technologies, Inc. (NASDAQ:LPTH) shares to rally. Instead, traders are betting that the technical momentum will continue. Given the lack of fundamental datapoints, we would stay on the sidelines.

Energy Transfer Equity LP (NYSE:ETE) and Williams Companies Inc (NYSE:WMB) are down by 14% and 16% respectively today after ratings agency Fitch downgraded Williams Companies’ debt to junk bond status of ‘BB+’ from the previous ‘BBB-‘.  The Fitch downgrade follows Moody’s downgrade of Williams’ debt on January 8. Credit analysts are wary of Williams Companies’ debt because of Williams Partners’ higher-than-peer debt-to-adjusted-EBITDA ratio and the company’s exposure to Chesapeake Energy Corporation (NYSE:CHK).

Energy Transfer Equity LP (NYSE:ETE) shares are lower because Energy Transfer and Williams Companies agreed to merge last year (although the deal hasn’t closed yet). Shares of the two companies are also experiencing heavy selling pressure because crude prices are 3.37% in the red today as investors remain concerned about the over-supply situation.

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