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APA Corporation [APA] Investment Appeal on the Rise

APA Corporation’s recent filing unveils that its Director Ellis Juliet S acquired Company’s shares for reported $0.1 million on Dec 12 ’24. In the deal valued at $22.78 per share,4,391 shares were bought. As a result of this transaction, Ellis Juliet S now holds 12,436 shares worth roughly $0.23 million.

Then, LANNIE P ANTHONY bought 89,501 shares, generating $2,145,212 in total proceeds.

Before that, Rabun Daniel Wayne bought 75,998 shares. APA Corporation shares valued at $2,251,820 were divested by the Director at a price of $29.63 per share.

Wells Fargo downgraded its APA Corporation [APA] rating to an Equal weight from a an Overweight in a research note published on December 17, 2024; the price target was decreased to $25 from $42. Evercore ISI also remained covering APA and has decreased its forecast on June 14, 2024 with a “an In-line” recommendation from previously “an Outperform” rating.

Price Performance Review of APA

On Friday, APA Corporation [NASDAQ:APA] saw its stock jump 0.48% to $18.84. Over the last five days, the stock has lost -8.99%. APA Corporation shares have fallen nearly -18.41% since the year began. Nevertheless, the stocks have fallen -38.15% over the past one year. While a 52-week high of $36.04 was reached on 01/16/25, a 52-week low of $17.66 was recorded on 03/05/25. SMA at 50 days reached $22.53, while 200 days put it at $25.52.

Levels Of Support And Resistance For APA Stock

The 24-hour chart illustrates a support level at 18.50, which if violated will result in even more drops to 18.15. On the upside, there is a resistance level at 19.36. A further resistance level may holdings at 19.88. The Relative Strength Index (RSI) on the 14-day chart is 29.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.33%. Stochastics %K at 16.61% indicates the stock is a buying.

The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $40 price target.

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