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President & CEO Clyde R Andrew sold 10,392 shares of Murphy USA Inc [MUSA]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Murphy USA Inc shares valued at $4,575,805 were sold by Clyde R Andrew on May 21 ’24. At $440.32 per share, Clyde R Andrew sold 10,392 shares. The insider’s holdings dropped to 199,563 shares worth approximately $90.37 million following the completion of this transaction.

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Also, Smith Donald R Jr sold 854 shares, netting a total of over 374,692 in proceeds. Following the sale of shares at $438.75 each, the insider now holds 20,099 shares.

Before that, Turner Rosemary had sold 205 shares from its account. In a trade valued at $82,000, the Director traded Murphy USA Inc shares for $400.00 each. Upon closing the transaction, the insider’s holdings decreased to 205 shares, worth approximately $0.0.

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 -4.62%. Over the course of the year, Murphy USA Inc shares have jumped approximately 27.01%. Shares of the company reached a 52-week high of $489.89 on 06/24/24 and a 52-week low of $350.55 on 02/01/24. A 50-day SMA is recorded $443.16, while a 200-day SMA reached $394.58. Nevertheless, trading volume fell to 90531.0 shares from 0.13 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 447.71, which, if violated, would cause prices to drop to 442.58. In the upper region, resistance lies at 458.95. The next price resistance is at 465.06. RSI (Relative Strength Index) is 44.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.02, which suggests the price will decrease in the coming days. Percent R is at 89.88%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.

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