KD Logo

MPC (Marathon Petroleum Corp) may reap gains as insiders became active recently

Marathon Petroleum Corp’s filing revealed that its Director Rucker Kim K.W. unloaded Company’s shares for reported $0.17 million on Mar 01 ’24. In the deal valued at $170.35 per share,1,000 shares were sold. As a result of this transaction, Rucker Kim K.W. now holds 23,446 shares worth roughly $4.17 million.

Then, Aydt Timothy J sold 7,955 shares, generating $1,375,284 in total proceeds. Upon selling the shares at $172.88, the Ex VP, Refining now owns 9,801 shares.

Before that, HAGEDORN CARL KRISTOPHER sold 1,436 shares. Marathon Petroleum Corp shares valued at $210,819 were divested by the Senior VP and Controller at a price of $146.81 per share. As a result of the transaction, HAGEDORN CARL KRISTOPHER now holds 5,480 shares, worth roughly $0.97 million.

TD Cowen reiterated its Marathon Petroleum Corp [MPC] rating to an Outperform in a research note published on January 31, 2024; the price target was $170. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering MPC and has increased its forecast on December 14, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Mizuho revised its rating on August 16, 2023. It rated MPC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of MPC

On Monday, Marathon Petroleum Corp [NYSE:MPC] saw its stock fall -0.95% to $177.86. Over the last five days, the stock has lost -2.69%. Marathon Petroleum Corp shares have risen nearly 19.88% since the year began. Nevertheless, the stocks have risen 61.54% over the past one year. While a 52-week high of $221.11 was reached on 04/05/24, a 52-week low of $104.32 was recorded on 01/08/24. SMA at 50 days reached $194.77, while 200 days put it at $162.60. A total of 1.67 million shares were traded, compared to the trading of 1.58 million shares in the previous session.

Levels Of Support And Resistance For MPC Stock

The 24-hour chart illustrates a support level at 176.69, which if violated will result in even more drops to 175.52. On the upside, there is a resistance level at 179.64. A further resistance level may holdings at 181.42. The Relative Strength Index (RSI) on the 14-day chart is 31.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.96%. Stochastics %K at 13.26% indicates the stock is a buying.

Most Popular

[the_ad id="945"]