APA Corp (US)
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Energy : Oil, Gas & Consumable Fuels | Mid Cap Value
Company profile

APA Corporation is an energy holding company. The Company operates through its subsidiaries: Apache Corporation and APA Corporation Suriname. It explores for and produces oil and gas. The Company's production segments include in the United States, Egypt's Western Desert and the United Kingdom's North Sea and Suriname. The Company's United States operations and interests are focused in the Permian Basin. The Company also includes assets in the East Texas Eagle Ford/Austin Chalk, the Gulf Coast and the Gulf of Mexico. Egypt includes onshore conventional assets located in Egypt's Western Desert; and the North Sea, which includes offshore assets based in the United Kingdom. Suriname includes offshore exploration activities.

Postmarket

Last Trade
Delayed
$27.19
0.11 (0.41%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$27.08
Day's Change
0.18 (0.67%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
27.18
Day's Low
26.44
Volume
(Average)
Volume:
9,682,610

10-day average volume:
10,049,673
9,682,610

Alibaba, JD.com, Pinduoduo shares post strong rallies after rough stretch for China internet stocks

10:52 am ET August 24, 2021 (MarketWatch)
Print

By Emily Bary

JD.com shares on track for best single-day performance in more than a year

U.S.-listed shares of Chinese internet stocks are rallying sharply Tuesday after coming under pressure in recent weeks amid concerns about the potential for increased regulation.

U.S.-listed shares of Alibaba Group Ltd. (9988.HK) are up 6.3% in Tuesday trading, building on their 2% gain on Monday, which came after eight straight sessions of declines amid regulatory fears (https://www.wsj.com/articles/china-set-to-pass-one-of-the-worlds-strictest-data-privacy-laws-11629201927?mod=article_inline&adobe_mc=MCMID%3D83756434393911307480161430829803603068%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1629815963). Alibaba shares are on track for their largest single-day percentage increase since April 12, when the shares rose 9.3%.

Shares of JD.com Inc. (JD) are up 12.0%, and on track for their best single-day percentage performance since March 2, 2020, when the shares rallied 12.4%. JD.com posted earnings Monday morning (https://www.marketwatch.com/story/jdcom-beats-profit-and-revenue-expectations-as-new-users-reach-a-record-but-stock-slips-2021-08-23?mod=mw_quote_news), which Mizuho analyst James Lee wrote reflected "strong execution despite regulatory uncertainty."

JD Retail Chief Executive Lei Xu said on the company's earnings call Monday that he saw the regulatory landscape as "a good thing for the long-term and healthy development of the industry" as JD.com has "suffered from unfair market behaviors such as pick one from two, excessive price subsidies, and disordered capital expansion and more," according to a FactSet transcript.

Shares of Pinduoduo Inc. (PDD) are up 14.5% in Tuesday morning trading after the Chinese e-commerce company posted a surprise profit earlier in the day (https://www.marketwatch.com/story/pinduoduo-stock-jumps-after-surprise-profit-although-revenue-comes-up-short-2021-08-24?mod=mw_quote_news), even as revenue fell short of expectations.

Other big gainers in Tuesday's session include Tencent Music Entertainment Group (TME), up 11.6%; Qutoutiao Inc. (QTT), up 9.2%; Bilibili Inc. (BILI), up 9.6%; Baidu Inc. (K3SD.SG), up 7.6%; Huya Inc. (HUYA), up 6.5%; and iQiyi Inc. (IQ), up 6.0%. Shares of Chinese electric-car maker Nio Inc. (NIO) are ahead 3.0%.

The KraneShares CSI China Internet ETF is up 8.8% Tuesday. It has lost 10.5% over the past month and 28.9% over the past three months.

-Emily Bary

	

(END) Dow Jones Newswires

August 24, 2021 10:52 ET (14:52 GMT)

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