Apache Corporation (APA) Dives 3.34% in Morning Session on February 1

Apache Corporation (APA) lost ground during morning trading on February 1 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of APA have fallen 3.34% to $57.82 after closing the day prior at $59.82. So far, the stock has traded as high as $60.66 and as low as $57.56. Today's decline has come with about 1.88 million shares changing hands, compared to an average 30-day volume of 2.69 million for Apache Corporation. The price is currently below the 30-day volume weighted average price of $58.91 for APA.

The share depreciation gives the company a market capitalization of $22.7 billion based upon 379.43 million shares outstanding. It also means that APA has a price-to-book ratio of 3.74:1.

In the past 52 weeks, shares of APA have traded as low as $33.23 and as high as $69.0. Technical traders will take note that at $57.82, shares of APA are trading above their 200-day MA at $57.7 and below their 50-day MA at $63.73. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is APA?

Apache Corp is an independent energy company that explores, develops and produces natural gas, crude oil and natural gas liquids.It has interests in six countries: the U.S., Canada, Egypt, Australia, the U.K. North Sea (North Sea), and Argentina. The company’s 3860 employees are led by CEO John J. Christmann from the corporate headquarters at One Post Oak Central in Houston, TX.

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