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 $3.41 million.
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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 $0.8 million.
A number of analysts have revised their coverage, including Tudor Pickering Holt & Co.’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Sell”. TD Cowen also remained covering MPC and reiterated its “Buy” recommendation on August 07, 2024. Wolfe Research started covering the stock on July 18, 2024. It rated MPC as “an Outperform”.
Price Performance Review of MPC
On Tuesday, Marathon Petroleum Corp [NYSE:MPC] saw its stock fall -3.83% to $145.28. Over the last five days, the stock has lost -8.19%. Marathon Petroleum Corp shares have fallen nearly -2.08% since the year began. Nevertheless, the stocks have fallen -0.49% over the past one year. While a 52-week high of $221.11 was reached on 04/05/24, a 52-week low of $140.98 was recorded on 10/29/24. SMA at 50 days reached $164.17, while 200 days put it at $174.71.
Levels Of Support And Resistance For MPC Stock
The 24-hour chart illustrates a support level at 143.23, which if violated will result in even more drops to 141.18. On the upside, there is a resistance level at 149.00. A further resistance level may holdings at 152.72. The Relative Strength Index (RSI) on the 14-day chart is 27.67, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.30%. Stochastics %K at 6.33% indicates the stock is a buying.
How much short interest is there in Marathon Petroleum Corp?
A steep rise in short interest was recorded in Marathon Petroleum Corp stocks on 2024-10-15, dropping by -1.17 million shares to a total of 8.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.95 million shares. There was a decline of -13.31%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 31, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $170.
