APA Corporation’s recent filing unveils 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 jump 0.28% to $25.18. Over the last five days, the stock has gained 1.33%. APA Corporation shares have fallen nearly -29.82% since the year began. Nevertheless, the stocks have fallen -40.28% over the past one year. While a 52-week high of $41.86 was reached on 01/03/24, a 52-week low of $22.72 was recorded on 09/11/24. SMA at 50 days reached $26.28, while 200 days put it at $29.77.
Levels Of Support And Resistance For APA Stock
The 24-hour chart illustrates a support level at 24.89, which if violated will result in even more drops to 24.59. On the upside, there is a resistance level at 25.44. A further resistance level may holdings at 25.69. The Relative Strength Index (RSI) on the 14-day chart is 45.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.86%. Stochastics %K at 23.07% 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 2024-09-30, growing by 3.94 million shares to a total of 17.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.43 million shares. There was a rise of 22.67%, which implies that there is a positive sentiment for the stock.
