Apache Corporation (APA) stock has fallen 10.20% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With APA Stock Today?
Apache Corporation (APA) stock is trading at $13.29 as of 1:22 PM on Tuesday, Sep 8, a loss of -$1.31, or -8.97% from the previous closing price of $14.60. The stock has traded between $13.06 and $14.18 so far today. Volume today is 7,170,448 compared to average volume of 7,742,674.
To see InvestorsObserver's Sentiment Score for Apache Corporation click here.
More About Apache Corporation
Apache, based in Houston, is one of the largest independent exploration and production companies in the world. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2019, proved reserves totaled 1.0 billion barrels of oil equivalent, with net reported production of 417 mboe/d (68% of which was oil and natural gas liquids, with the remainder comprising natural gas).
Click Here to get the full Stock Score Report on Apache Corporation (APA) Stock.
