Large Inflow of Money Detected in Apache Corporation

Apache Corporation (APA) : Investors lapped up stocks on upticks to the tune of $31.07 million in the Mondays trading session. The trading value on downticks was comparatively at $23.9 million and the uptick to downtick ratio of 1.3 indicates continuous buying by the bulls. The net money flow into the stock was $7.17 million. Upticks saw transactions worth $8.57 clearly indicating buying by large investors. The total money flow for block trades stood at $8.57 million, which is a positive for the stock in the long-term. Apache Corporation (APA) fell $0.58 during the day at $49.01, a drop of -1.17% over the previous days close. However, for the week, the stock is -1.27%, compared to the previous week.


Apache Corp. has lost 1.56% in the last five trading days and dropped 12.28% in the last 4 weeks. Apache Corp. has dropped 8.56% during the last 3-month period . Year-to-Date the stock performance stands at 14.02%.

Apache Corporation (NYSE:APA): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.37 and $49.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.88, notching a gain of 1.78% for the day. The total traded volume was 2,948,672 . The stock had closed at $49.01 on the previous day.

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 (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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.