Apache downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Apache to Market Perform citing a negative risk/reward bias for commodities. The firm lowered its price target range for shares to $95-$105 from $116-$120.
Apache calls active on renewed takeover chatter Apache January weekly 66 and 67 calls are active on total call volume of 2,500 contracts (200 puts) on renewed takeover chatter. January weekly call option implied volatility is at 39, February is at 38, April is at 33; compared to its 26-week average of 30 according to Track Data. Active call volume suggests traders taking positions for price movement.