Shares of Apache Corporation (APA) Rally 3.53%

Apache Corporation (APA) : Traders are bullish on Apache Corporation (APA) as it has outperformed the S&P 500 by a wide margin of 1.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.53% in the last 1 week, and is up 6.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.04% and the 50-Day Moving Average is 3.02%.

Apache Corporation (NYSE:APA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.46 and $56.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.12, notching a gain of 0.42% for the day. The total traded volume was 2,633,024 . The stock had closed at $56.88 on the previous day.


The company Insiders own 0.4% of Apache Corporation shares according to the proxy statements. Institutional Investors own 97.38% of Apache Corporation shares. In a related news, Harris Margery M, officer (Exec. Vice President) of Apache Corp had purchased 1,115 shares on August 27, 2015 in a transaction. The price per share was $42 and the total amount of the disclosed transaction was $46,830.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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