Eagle & Beagle
Regular readers may remember this week's eagle from its recent appearance here less than a month ago.
We noted that some major holders of Tulsa's Apco Oil & Gas International had been selling, driving the stock price down. But the stock had begun to bounce back, and trading volume was growing.
This week, APAGF shares registered a big bounce, soaring 22 percent to close Friday at $16.73. The shares haven't traded that high in nearly 10 months.
On Tuesday, more than 400,000 shares traded — about 12 times the average daily volume — as the stock price rose. Someone is bullish on Apco.
Incidentally, this week's eagle runner-up was no slouch, either. SandRidge Energy posted a 16 percent gain last week.
There wasn't a lot of downside suffering for shareholders of Oklahoma's publicly traded companies last week.
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