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.
Our worst performer, AAON Inc., posted a modest 7.3 percent decline, ending the week at $23.77.
That's not far off the stock's all-time high of $26.91, which was set Monday.
Complaining about the performance of a stock after the week it set its all-time high is like wishing that your winning horse wasn't so sweaty.
In fact, the Tulsa-based producer of commercial heating and air-conditioning units has been on a winning streak. The year-to-date stock chart looks like a map of a Tour de France climbing stage.
Shareholders should count their long-term profits and hope that last week's move is a short descent that doesn't pick up speed.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.