Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marathon Petroleum Corp shares valued at $170,350 were sold by Rucker Kim K.W. on Mar 01 ’24. At $170.35 per share, Rucker Kim K.W. sold 1,000 shares. The insider’s holdings dropped to 23,446 shares worth approximately $3.88 million following the completion of this transaction.
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Also, Aydt Timothy J sold 7,955 shares, netting a total of over 1,375,284 in proceeds. Following the sale of shares at $172.88 each, the insider now holds 9,801 shares.
Before that, HAGEDORN CARL KRISTOPHER had sold 1,436 shares from its account. In a trade valued at $210,819, the Senior VP and Controller traded Marathon Petroleum Corp shares for $146.81 each. Upon closing the transaction, the insider’s holdings decreased to 1,436 shares, worth approximately $0.91 million.
As published in a research note from Tudor Pickering Holt & Co. on September 09, 2024, Marathon Petroleum Corp [MPC] has been rated down from a Buy to a Sell. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of July 18, 2024, Wolfe Research has initiated its “an Outperform” rating for MPC. Earlier on January 31, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for MPC stock.
Analyzing MPC Stock Performance
During the last five days, there has been a surge of approximately 2.30%. Over the course of the year, Marathon Petroleum Corp shares have jumped approximately 11.47%. Shares of the company reached a 52-week high of $221.11 on 04/05/24 and a 52-week low of $148.46 on 01/08/24. A 50-day SMA is recorded $169.44, while a 200-day SMA reached $174.03. Nevertheless, trading volume fell to 2.85 million shares from 2.56 million shares the previous day.
Support And Resistance Levels for Marathon Petroleum Corp (MPC)
According to the 24-hour chart, there is a support level at 162.92, which, if violated, would cause prices to drop to 160.47. In the upper region, resistance lies at 167.35. The next price resistance is at 169.33. RSI (Relative Strength Index) is 48.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.89, which suggests the price will decrease in the coming days. Percent R is at 33.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
