Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax.
Companies Reporting Before The Bell
• Seres Therapeutics (NASDAQ:MCRB) is estimated to report quarterly loss at $0.52 per share on revenue of $8.48 million.
APA's (NASDAQ:APA) short percent of float has fallen 4.38% since its last report. The company recently reported that it has 9.80 million shares sold short, which is 2.84% of all regular shares that are available for trading.
Over the past 3 months, 16 analysts have published their opinion on APA (NASDAQ:APA) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
A high trading volume indicates high buying pressure if the stock is moving higher, or high selling pressure if the stock is moving lower.
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Current market conditions are ripe for active traders, according to Market Rebellion co-founder Pete Najarian. That's why he bought call options in a handful of names this week.