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Stock Market & Financial Investment News

News Breaks
March 22, 2013
10:24 EDTAPAApache calls active on renewed takeover chatter
Apache March 75 weekly and April 80 calls are active on total call volume of 4,100 contracts (360 puts). April option implied volatility is at 20, May and July is at 22; below its 26-week average of 26 according to Track Data. Active call volume suggests traders taking positions for larger price movement following renewed takeover chatter.
News For APA From The Last 14 Days
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November 18, 2015
12:48 EDTAPAApache volatility elevated as WTI crude oil trades below $40
Apache current 30-day overall call option implied volatility is at 49, compared to a one-month ago of 41; suggesting large price movement as WTI crude oil traded below $40/bbl level.
November 17, 2015
10:11 EDTAPAOptions with decreasing implied volatility
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08:38 EDTAPAApache assets do not warrant a premium, says Canaccord
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08:10 EDTAPAMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.
November 16, 2015
08:05 EDTAPAEnLink Midstream acquires full ownership of Deadwood facility from Apache
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07:42 EDTAPAAnadarko named a Top Pick at Cowen
Cowen moved Anadarko (APC) to a Top Pick, citing valuation and the company's ability to execute large, complex mergers. Cowen noted Anadarko approached Apache (APA) and declined when the deal did not happen, but the firm sees material upside for Anadarko shares. Cowen reiterated its Outperform rating and $87 price target on Anadarko.
November 13, 2015
15:52 EDTAPAApache to hold a conference call
Management discusses the company's North Sea Region's current operations and drilling success on a conference call to be held on November 17 at 10 am. Webcast Link
November 11, 2015
12:17 EDTAPAOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday following a morning of lackluster trading, which may be due to lower volume on account of the observance of Veteran's Day. There were four initial public offerings that priced and each opened above their offering; a better reflection of the syndicate market than several weeks ago when deals could not be completed. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet with no major announcements. U.S. bond markets are closed in observance of Veteran's Day. In China, industrial output rose 5.6% in October, matching March's reading as the weakest since 2008. Retail sales climbed 11% last month, beating expectations. COMPANY NEWS: In another sign of China's transition from a purely industrial economy to one driven more by consumption, Alibaba Group (BABA)reported blockbuster sales for the 11.11 shopping festival, better known as "Singles' Day." By the end of Wednesday in China, gross merchandise volume on Alibaba's platforms hit $14.3B, far exceeding last year's 24-hour total of $9.3B, but shares of the Chinese e-commerce giant trading in New York slid 2%... Shares of Macy's (M) plunged over 13.5% and its peers followed it lower after the department store operator cut its outlook for fiscal year 2015 after reporting third quarter revenue that missed analysts' estimates. Macy's also said it will not be pursuing the formation of a real estate investment trust. Conversely, J.C. Penney (JCP) reported stronger than expected same-store sale growth and previewed that its soon-to-be reported earnings and gross margin performance in the third quarter exceeded its expectations, but the stock was caught in Macy's downdraft, falling about 2.5%... The boards of Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) announced that they have reached agreement on the terms of a combination deal worth $107B. In relation to their deal, Molson Coors (TAP) entered into a definitive agreement to purchase SABMiller's (SBMRY) 58% stake in MillerCoors, the joint venture formed in the United States in 2008, in a transaction valued at $12B. MAJOR MOVERS: Among the notable gainers was Atmel (ATML), which rallied 4% after Dialog Semiconductor (DLGNF) said that it continues to "strongly" support its agreement to acquire Atmel. Also higher was Amazon (AMZN), which gained 2% after an analyst at Morgan Stanley raised his price target on the company's stock to $800 from $750M, citing the growing AWS opportunity. Among the noteworthy losers was Horizon Pharma (HZNP), which fell over 16% after Express Scripts (ESRX) cut ties with specialty pharmacy Linden Care, which is used by Horizon and Insys Therapeutics (INSY), which also dropped 9%. Also lower was SunEdison (SUNE), which lost another 14.5%, adding more losses to yesterday's post-earnings slide after UBS cut its price target on the company's shares to $6 from $9. In addition, Anadarko (APC) and Apache (APA) fell about 3.5% and 6%, respectively, after Anadarko confirmed that it sent a takeover proposal to Apache, which it later withdrew. INDEXES: Near midday, the Dow was up 3.87, or 0.02%, to 17,762.08, the Nasdaq was up 14.42, or 0.28%, to 5,097.66, and the S&P 500 was up 0.78, or 0.04%, to 2,082.50.
08:36 EDTAPAApache drops 5.44% after Anadarko says withdraws merger proposal
08:35 EDTAPAAnadarko says 'no discussions of substance' occurred with Apache
08:35 EDTAPAAnadarko says non-binding offer for Apache was withdrawn
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08:35 EDTAPAAnadarko confirms it sent Apache non-binding offer to acquire the company
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08:34 EDTAPAAnadarko confirms it sent Apache non-binding offer to acquire the company
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05:23 EDTAPAStocks with implied volatility movement; GOGO APA
Stocks with implied volatility movement; Gogo (GOGO) 83, Apache (APA) 64 according to iVolatility.

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