Stocks to Watch: APA, AOL, PBR & More
Take a look at some of Thursday's midday movers:
Spike in natural gas futures propelled natural gas stocks higher including Apache, EQTCorp and Cabot Oil & Gas. Futures rallied after after an unexpectedly bullish storage report.
AOL shares tumbled after activist investor Starboard Value failed to win a proxy fight. A preliminary vote count by AOL showed that a majority of shareholders voted to re-elect all eight of AOL’s current board members and not one of the three supported by Starboard Value. Despite the day's selloff, shares of AOL are up about 25-percent over the past year.
Is the United States in a dollar store economy? Low end retailers jumped near the higher end of their ranges—Family Dollar Stores, Dollar Tree and Dollar General traded near 52-week highs.
Shares of Brazilian state-controlled oil company Petrobras fell to its lowest in nearly five years after company announced a 5.3 percent increase in its five-year exploration and production investment plan to $236.5 billion. But the company cut its production forecast to 5.7 million barrels per day, well below previous forecasts of 6.4 million barrels per day.
International Game Technology continued to rally after the company announced plans to buy back up to $1 billion in stock, including a $400 million upfront effort with Goldman Sachs.
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