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Why Shares of Apache Jumped 25% in June

TheMotleyFool

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Why Shares of Apache Jumped 25% in JunePhoto, wide shot, wide-angle lens, Coal company, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/0e838f13-fa33-4583-92e9-bf3375dacf70.png

Shares of oil driller Apache (NASDAQ:APA) rose 25.1% in June, according to data provided by S&P Global Market Intelligence. With the move, Apache's shares extended their winning streak, and are now up 130.4% over the last three months. But that still hasn't been enough to completely erase the company's March losses. Year to date, Apache's shares are down 47.2%.

Apache saw its biggest moves at the beginning of the month: a massive jump between June 4 and 8, and then a gut-wrenching reversal June 10 and 11.

Image source: Getty Images.

Source Fool.com

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