Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Marathon Oil Corporation shares valued at $997,887 were sold by WAGNER PATRICK on Mar 27 ’24. At $27.65 per share, WAGNER PATRICK sold 36,094 shares. The insider’s holdings dropped to 140,829 shares worth approximately $3.84 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Henderson Michael A sold 51,389 shares, netting a total of over 1,418,051 in proceeds. Following the sale of shares at $27.59 each, the insider now holds 114,828 shares.
Before that, Whitehead Dane E had sold 73,233 shares from its account. In a trade valued at $1,981,619, the Executive VP and CFO traded Marathon Oil Corporation shares for $27.06 each. Upon closing the transaction, the insider’s holdings decreased to 73,233 shares, worth approximately $4.15 million.
As published in a research note from Scotiabank on July 12, 2024, Marathon Oil Corporation [MRO] has been rated down from a Sector outperform to a Sector perform and the price target has been revised to $29 from $45. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of March 14, 2024, Argus has increased its “Hold” rating to a “Buy” for MRO. Earlier on December 11, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for MRO stock which previously was a “an Overweight”.
Analyzing MRO Stock Performance
During the last five days, there has been a drop of approximately -0.51%. Over the course of the year, Marathon Oil Corporation shares have jumped approximately 12.87%. Shares of the company reached a 52-week high of $30.06 on 04/12/24 and a 52-week low of $21.81 on 01/18/24. A 50-day SMA is recorded $28.07, while a 200-day SMA reached $26.12. Nevertheless, trading volume fell to 4.9 million shares from 5.98 million shares the previous day.
Support And Resistance Levels for Marathon Oil Corporation (MRO)
According to the 24-hour chart, there is a support level at 26.97, which, if violated, would cause prices to drop to 26.68. In the upper region, resistance lies at 27.47. The next price resistance is at 27.67. RSI (Relative Strength Index) is 44.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 48.14%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
