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How APC’s Stock Reacted following Its Marcellus Divestiture News

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Dec. 22 2016, Published 9:09 a.m. ET

APC’s stock reaction

Anadarko Petroleum’s (APC) stock closed at a fall of $0.22 on December 21, 2016, at $70.75. However, following its Marcellus divestiture announcement, the stock rose $0.22 in after-hours trading to $70.97.

In the two weeks since December 7, 2016, APC has risen ~2%. During the period, the stock tracked crude oil prices (USO), which rose ~6%.

In comparison, APC’s peers Hess (HES), Oasis Petroleum (OAS), and Occidental Petroleum (OXY) have seen their stocks rise 4.2%, 3.6%, and 5%, respectively, in the two weeks since December 7.

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Toward the end of the above-mentioned period, Anadarko Petroleum continued to overperform the broader energy industry represented by the Energy Select Sector SPDR ETF (XLE), as well as the broader market represented by the SPDR S&P 500 ETF (SPY). However, it saw lower returns than crude oil at the end of the period.

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