APA Corp. stock slips 7.67% and underperforms competitors
Updated
Updated · MarketWatch · May 6
APA Corp. stock slips 7.67% and underperforms competitors
9 articles · Updated · MarketWatch · May 6
Shares closed at $38.30 on Wednesday, extending losses to a second straight day as the S&P 500 rose 1.46% and the Dow gained 1.24%.
APA ended 16.12% below its 52-week high of $45.66 reached on 30 March, while EOG Resources, SLB and Occidental Petroleum also fell but by smaller margins.
Trading volume reached 9.9 million shares, above its 50-day average of 9.0 million, indicating heavier activity despite the broader market's positive session.
Why did APA's stock crash despite record profits and soaring oil prices?
Does one company's plunge reveal a deeper market fear that even $105 oil can't fix?