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).