Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Murphy USA Inc shares valued at $275,925 were sold by Click Christopher A on Feb 26 ’24. At $415.55 per share, Click Christopher A sold 664 shares. The insider’s holdings dropped to 2,413 shares worth approximately $0.99 million following the completion of this transaction.
Also, Phillips Jeanne Linder sold 1,525 shares, netting a total of over 627,416 in proceeds. Following the sale of shares at $411.42 each, the insider now holds 2,670 shares.
Before that, Smith Donald R Jr had sold 1,235 shares from its account. In a trade valued at $503,831, the VP & Corporate Controller traded Murphy USA Inc shares for $407.96 each. Upon closing the transaction, the insider’s holdings decreased to 1,235 shares, worth approximately $8.88 million.
As published in a research note from Jefferies on January 04, 2024, Murphy USA Inc [MUSA] has been rated up from a Hold to a Buy and the price target has been revised to $425 from $375. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of December 15, 2022, RBC Capital Mkts has initiated its “Sector perform” rating for MUSA. Earlier on May 25, 2022, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for MUSA stock.
Analyzing MUSA Stock Performance
During the last five days, there has been a drop of approximately -2.21%. Over the course of the year, Murphy USA Inc shares have jumped approximately 15.49%. Shares of the company reached a 52-week high of $430.83 on 04/02/24 and a 52-week low of $350.55 on 02/01/24. A 50-day SMA is recorded $415.09, while a 200-day SMA reached $365.98. Nevertheless, trading volume fell to 0.45 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Murphy USA Inc (MUSA)
According to the 24-hour chart, there is a support level at 408.60, which, if violated, would cause prices to drop to 405.41. In the upper region, resistance lies at 415.25. The next price resistance is at 418.71. RSI (Relative Strength Index) is 45.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 79.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
