How APC’s Stock Reacted following Its Eagle Ford Announcement


Jan. 13 2017, Published 8:50 a.m. ET

APC’s stock reaction

Anadarko Petroleum’s (APC) stock closed $0.11 lower at $71.49 on January 12, 2017. Following its Eagle Ford asset sale news, however, the stock rose $0.10 to $71.59 in after-hours trading.

In the two weeks since December 29, 2016, APC has risen ~2%. During the period, the stock has mostly been tracking crude oil prices (USO). Crude oil prices fell 1.4% at the end of the two-week period.

Toward the end of the above-mentioned period, Anadarko Petroleum was outperforming the broader energy industry represented by the Energy Select Sector SPDR ETF (XLE). It was also outperforming the broader market represented by the SPDR S&P 500 ETF (SPY).

Article continues below advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.