In a filing, Murphy USA Inc revealed its SVP, Strategy & Development Click Christopher A unloaded Company’s shares for reported $0.28 million on Feb 26 ’24. In the deal valued at $415.55 per share,664 shares were sold. As a result of this transaction, Click Christopher A now holds 2,413 shares worth roughly $1.0 million.
Then, Phillips Jeanne Linder sold 1,525 shares, generating $627,416 in total proceeds. Upon selling the shares at $411.42, the Director now owns 2,670 shares.
Before that, Smith Donald R Jr sold 1,235 shares. Murphy USA Inc shares valued at $503,831 were divested by the VP & Corporate Controller at a price of $407.96 per share. As a result of the transaction, Smith Donald R Jr now holds 21,564 shares, worth roughly $8.91 million.
Jefferies upgraded its Murphy USA Inc [MUSA] rating to a Buy from a a Hold in a research note published on January 04, 2024; the price target was increased to $425 from $375. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late January from “an Equal weight” to “an Overweight”. RBC Capital Mkts began covering MUSA with “Sector perform” recommendation on December 15, 2022. Wells Fargo started covering the stock on May 25, 2022. It rated MUSA as “an Equal weight”.
Price Performance Review of MUSA
On Tuesday, Murphy USA Inc [NYSE:MUSA] saw its stock fall -1.30% to $413.20. Over the last five days, the stock has lost -1.45%. Murphy USA Inc shares have risen nearly 15.89% since the year began. Nevertheless, the stocks have risen 62.73% over the past one year. While a 52-week high of $430.83 was reached on 04/02/24, a 52-week low of $253.92 was recorded on 02/01/24. SMA at 50 days reached $402.38, while 200 days put it at $357.01. A total of 0.21 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For MUSA Stock
The 24-hour chart illustrates a support level at 407.40, which if violated will result in even more drops to 401.59. On the upside, there is a resistance level at 418.69. A further resistance level may holdings at 424.17. The Relative Strength Index (RSI) on the 14-day chart is 50.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.74%. Stochastics %K at 51.67% indicates the stock is a holding.
How much short interest is there in Murphy USA Inc?
A steep rise in short interest was recorded in Murphy USA Inc stocks on Mar 15, 2024, dropping by -0.31 million shares to a total of 1.14 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.45 million shares. There was a decline of -27.19%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.54% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.87.
