Shares of APA Corp. /zigman2/quotes/200648444/composite APA +0.66% slipped 8.63% to $41.30 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +3.06% falling 3.56% to 4,146.87 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% falling 3.12% to 32,997.97. The stock's fall snapped a two-day winning streak. APA Corp. closed $3.97 below its 52-week high ($45.27), which the company achieved on May 4th.
The stock underperformed when compared to some of its competitors Thursday, as Chevron Corp. /zigman2/quotes/205871374/composite CVX +1.64% fell 0.79% to $166.26, ConocoPhillips /zigman2/quotes/207605056/composite COP +3.44% fell 0.96% to $102.86, and EOG Resources Inc. /zigman2/quotes/204634330/composite EOG +3.19% fell 1.08% to $123.42. Trading volume (15.5 M) eclipsed its 50-day average volume of 9.6 M.