Large Outflow of Money Witnessed in Apache Corporation

Apache Corporation (APA) : Net money flow in Apache Corporation (APA) was negative ($9.04 million) and the inflow of money on uptick was $26.15 million, whereas, the outflow of money on downticks amounted to $35.19 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.74. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $8.42 million. The money flow in block trades was negative ($8.42). Apache Corporation (APA) gained $0.09 cent during the day and reached $49.79, a gain of 0.18% over the previous day.


The company Insiders own 0.4% of Apache Corporation shares according to the proxy statements. Institutional Investors own 91.57% of Apache Corporation shares.

In a related news, Harris Margery M, officer (Exec. Vice President) of Apache Corp, executed a transaction worth $46,830 on August 27, 2015. A total of 1,115 shares were purchased at an average price of $42. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Apache Corporation (NYSE:APA): The stock opened at $50.34 and touched an intraday high of $51.54 on Friday. During the day, the stock corrected to an intraday low of $50.32, however, the bulls stepped in and pushed the price higher to close in the green at $51.29 with a gain of 3.01% for the day. The total traded volume for the day was 2,479,335. The stock had closed at $49.79 in the previous trading session.

Apache Corporation (APA) has risen sharply, recording gains of 3.32% in the past 4 weeks. However, the stock has corrected -2.02% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. As of December 31, 2014, Apache had exploration and production interests in five countries: the United States, Canada, Egypt, Australia and the United Kingdom. During the year ended December 31, 2014, it participated in drilling 1,478 gross wells, with 1,407 (95%) completed as producers. As of December 31, 2013, in addition to its completed wells, several wells had not reached completion: 318 gross (214.7 net) in the United States; 27 gross (19.0 net) in Canada; 35 gross (32.5 net) in Egypt, and 3 gross (2.2 net) in the North Sea. The Companys operations in United States and Canada are constituted under its North America business, while its International business constitutes its operations in Egypt, Australia and the United Kingdom in the North Sea.

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