Insider Selling: LANNIE P ANTHONY, APA Corporation [APA] Exec. Vice Pres & Gen Counsel divested 86,750 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. APA Corporation shares valued at $3,579,305 were sold by LANNIE P ANTHONY on May 16. At $41.26 per share, LANNIE P ANTHONY sold 86,750 shares. The insider’s holdings dropped to 58,844 shares worth approximately $1.81 million following the completion of this transaction.

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Also, LANNIE P ANTHONY sold 40,800 shares, netting a total of over 1,627,920 in proceeds. Following the sale of shares at $39.90 each, the insider now holds 145,594 shares.

Before that, Joung Chansoo had added 40,000 shares to its account. In a trade valued at $1,316,992, the Director bought APA Corporation shares for $32.92 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $2.0 million.

Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of November 17, 2021, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for APA. Earlier on November 04, 2021, Truist upgraded its rating. Their new recommendation was “a Buy” for APA stock which previously was a “a Hold”.

Analyzing APA’s Price Performance

On Thursday, APA Corporation [NASDAQ: APA] plunged -10.89% to $30.68. The stock’s lowest price that day was $30.50, but it reached a high of $33.86 in the same session. During the last five days, there has been a drop of approximately -13.87%. Over the course of the year, APA Corporation shares have jumped approximately 14.09%. Shares of the company reached a 52-week high of $51.95 on 06/08/22 and a 52-week low of $26.98 on 01/03/22. A 50-day SMA is recorded $39.05, while a 200-day SMA reached $35.12. Nevertheless, trading volume fell to 12.13 million shares from 8.4 million shares the previous day.

Support And Resistance Levels for APA Corporation (APA)

According to the 24-hour chart, there is a support level at 29.50, which, if violated, would cause prices to drop to 28.32. In the upper region, resistance lies at 32.86. The next price resistance is at 35.04. RSI (Relative Strength Index) is 36.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 97.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is APA Corporation subject to short interest?

Stocks of APA Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.76 million shares to 10.05 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.81 million shares. A decline of -7.56% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.1 of the overall float, the days-to-cover ratio (short ratio) decline to 1.1.

Which companies own the most shares of APA Corporation (APA)?

According to The Vanguard Group, Inc. filings, the company currently owns 42,364,677 shares, which is about 12.21% of the total APA shares outstanding. The investor’s shares have plunged by -1,638,154 from its previous 13-F filing of 44002831.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $803,325,199. Harris Associates LP acquire a 1.86% interest valued at $680.71 million while BlackRock Fund Advisors purchased a 142,132 stake. A total of -2,182,000 shares of APA Corporation were bought by Hotchkis & Wiley Capital Manageme during the quarter, and -2,122,819 were sold by Invesco Advisers, Inc. In its current portfolio, Geode Capital Management LLC holds 7,699,350 shares valued at $268.71 million.

In terms of APA Corporation share price expectations, FactSet research, analysts set an average price target of $53.31 in the next 12 months, up nearly 56.84% from the previous closing price of $34.43. Analysts anticipate APA Corporation stock to reach $75.00 by 2022, with the lowest price target being $40.00. In spite of this, 29 analysts ranked APA Corporation stock as an Overweight at the end of 2022. On September 30, 2021, Citigroup assigned a price target of “a Neutral” to the stock and downgraded coverage with a $23.


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