Director of APA Corporation bought shares, but stock fell due to industry challenges

From Financial Modeling Prep: 2025-04-04 09:00:00

Joung Chansoo, a director at NASDAQ:APA, recently purchased 75,000 shares of APA Corporation’s Common Stock at $18.25 each, increasing his total holdings to 140,285 shares. APA is a U.S.-based oil and gas company competing with firms like Devon Energy and Diamondback Energy.

Despite Chansoo’s purchase, APA’s stock price fell by 15.47%, reflecting broader challenges in the U.S. oil and gas fracking industry. Devon Energy and Diamondback Energy also experienced significant drops of 12.26% and 11.72%, respectively, as reported by The Motley Fool.

The decline in APA’s stock is attributed to the negative impact of the Trump administration’s tariff policy on the energy sector. Despite expectations of benefits from deregulation and tax cuts, tariffs have increased costs for U.S.-focused oil and gas frackers, affecting companies like APA.

APA’s current stock price is $17.74, down by 16.48% with a change of $3.50. The stock has fluctuated between $17.67 and $19.78 today, showing significant volatility. Over the past year, APA has reached a high of $36.05 and a low of $17.66, indicating fluctuations in its performance.

With a market capitalization of approximately $6.46 billion and a trading volume of 12.26 million shares today, APA remains a key player in the oil and gas fracking industry despite recent stock challenges.



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