Market Overview

Notable Hedge Fund May Have Taken New Position In Apache

Share:
Related APA
Morgan Stanley's Pre-Earnings Outlook For 8 Oil Stocks
Apache Announces Retirement Of Chairman, President And CEO, G. Steven Farris; John J. Christmann, IV, COO North America, To Succeed Farris As President And CEO
What Oil, Copper Say About Slowing Global Growth (Fox Business)

Shares of Apache Corp. (NYSE: APA) have rocketed higher in Monday's post-market session following word of a new stake from Barry Rosenstein and JANA Partners.

According to Bloomberg headlines which hit just ahead of 5 p.m. EDT, JANA's latest shareholder letter for the second quarter of 2014 showed a brand-new activist stake in Apache. The rumored investment by JANA in Apache sits at around $1 billion, Bloomberg said. This would make the position in Apache the fund's largest purchase during the second quarter.

Apache shares last traded at $101.50, up about three percent from Friday's closing price.

Posted-In: News Hedge Funds Rumors Movers General

 

Related Articles (APA)

Around the Web, We're Loving...

Get Benzinga's Newsletters