APA Corporation [APA] stock was sold by LANNIE P ANTHONY at the price of US$3.58 million

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APA Corporation’s recently made public that its Exec. Vice Pres & Gen Counsel LANNIE P ANTHONY unloaded Company’s shares for reported $3.58 million on May 16. In the deal valued at $41.26 per share,86,750 shares were sold. As a result of this transaction, LANNIE P ANTHONY now holds 58,844 shares worth roughly $ 2.59 million.

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Then, LANNIE P ANTHONY sold 40,800 shares, generating $1,627,920 in total proceeds. Upon selling the shares at $39.90, the Exec. Vice Pres & Gen Counsel now owns 145,594 shares.

Before that, Joung Chansoo bought 40,000 shares. APA Corporation shares valued at $1,316,992 were divested by the Director at a price of $32.92 per share. As a result of the transaction, Joung Chansoo now holds 65,285 shares, worth roughly $2.88 million.

Morgan Stanley downgraded its APA Corporation [APA] rating to an Equal-weight from a an Overweight in a research note published on Tuesday, January 24, 2023; the price target was decreased to $44 from $52. PT values the company’s stock at a premium of -0.14 to its Tuesday closing price. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “an Underperform”. Jefferies began covering APA with “Hold” recommendation on October 19, 2022. Citigroup revised its rating on September 12, 2022. It rated APA as “a Buy” which previously was an “a Neutral”.

Price Performance Review of APA

On Tuesday, APA Corporation [NASDAQ:APA] saw its stock fall -2.87% to $44.06. On the same session, the stock had its day’s lowest price of $43.7112, but rose to a high of $44.97. Over the last five days, the stock has lost -2.39%. APA Corporation shares have fallen nearly -5.61% since the year began. Nevertheless, the stocks have risen 46.38% over the past one year. While a 52-week high of $51.95 was reached on 01/03/23, a 52-week low of $27.98 was recorded on 01/05/23. SMA at 50 days reached $45.30, while 200 days put it at $41.18. A total of 5.03 million shares were traded, compared to the trading of 3.89 million shares in the previous session.

Levels Of Support And Resistance For APA Stock

The 24-hour chart illustrates a support level at 43.52, which if violated will result in even more drops to 42.99. On the upside, there is a resistance level at 44.78. A further resistance level may holdings at 45.51. The Relative Strength Index (RSI) on the 14-day chart is 47.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.33%. Stochastics %K at 68.60% indicates the stock is a holding.

How much short interest is there in APA Corporation?

A steep rise in short interest was recorded in APA Corporation stocks on Oct 13, 2022, dropping by -0.94 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 9.77 million shares. There was a decline of -10.65%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.93.

APA Corporation [APA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 39,602,970 shares, or roughly 12.32% of the outstanding APA shares. In other words, the investor’s shares have fallen by -957,280 from its previous 13-F filing of 40560250.0. Additionally, SSgA Funds Management, Inc. decreased -1.29% of its stake after which the total value it holdings stand at $1,052,653,372, while BlackRock Fund Advisors reduced -4.30% of its stake to hold $880.94 million in the firm. Over the last quarter, Harris Associates LP sold -3,318,637 shares of APA Corporation, while Hotchkis & Wiley Capital Manageme sold -271,770 shares. At present, Invesco Advisers, Inc. is holding 8,920,634 shares valued at $416.42 million. Geode Capital Management LLC owned 7,421,207 shares of the company at the time of its most recent 13F filing, worth $346.42 million.

According to FactSet, APA Corporation’s share price will average $54.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.64 percent from its previous closing price of $45.36. Analysts expect APA Corporation stock to reach the higher price of $71.00, while the lowest price estimate is $42.00.

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