APA Corporation’s recently made public that its Director Rabun Daniel Wayne acquired Company’s shares for reported $2.25 million on Aug 15 ’24. In the deal valued at $29.63 per share,75,998 shares were bought.
A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid June from “an Outperform” to “an In-line”. Barclays started covering the stock on April 10, 2024. It rated APA as “an Equal weight”.
Price Performance Review of APA
On Tuesday, APA Corporation [NASDAQ:APA] saw its stock fall -2.63% to $26.26. Over the last five days, the stock has gained 2.34%. APA Corporation shares have fallen nearly -26.81% since the year began. Nevertheless, the stocks have fallen -30.14% over the past one year. While a 52-week high of $43.58 was reached on 01/03/24, a 52-week low of $22.72 was recorded on 09/11/24. SMA at 50 days reached $26.93, while 200 days put it at $30.28.
Levels Of Support And Resistance For APA Stock
The 24-hour chart illustrates a support level at 25.69, which if violated will result in even more drops to 25.13. On the upside, there is a resistance level at 26.60. A further resistance level may holdings at 26.95. The Relative Strength Index (RSI) on the 14-day chart is 52.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.42%. Stochastics %K at 84.86% indicates the stock is a selling.
How much short interest is there in APA Corporation?
A steep rise in short interest was recorded in APA Corporation stocks on 2024-09-13, growing by 1.69 million shares to a total of 16.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 15.23 million shares. There was a rise of 9.96%, which implies that there is a positive sentiment for the stock.
