Apache Corporation (APA): Today's Featured Basic Materials Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Apache Corporation (APA) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Apache Corporation fell $1.10 (-1.2%) to $87.88 on average volume. Throughout the day, 2,474,686 shares of Apache Corporation exchanged hands as compared to its average daily volume of 2,428,600 shares. The stock ranged in price between $87.68-$89.51 after having opened the day at $88.51 as compared to the previous trading day's close of $88.98. Other companies within the Basic Materials sector that declined today were: Syntroleum Corporation (SYNM), down 13.5%, Global Geophysical Services (GGS), down 9.6%, Triangle Petroleum (TPLM), down 8.5% and NovaCopper (NCQ), down 7.1%.
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