Marathon Oil Corporation’s recent filing unveils that its insider Whitehead Dane E unloaded Company’s shares for reported $1.43 million on Sep 18 ’24. In the deal valued at $27.50 per share,52,008 shares were sold. As a result of this transaction, Whitehead Dane E now holds 100,000 shares worth roughly $2.75 million.
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Then, Whitehead Dane E bought 52,008 shares, generating $1,430,253 in total proceeds.
Before that, Henderson Michael A sold 38,000 shares. Marathon Oil Corporation shares valued at $1,033,900 were divested by the Executive VP, Operations at a price of $27.21 per share. As a result of the transaction, Henderson Michael A now holds 76,828 shares, worth roughly $2.11 million.
Scotiabank downgraded its Marathon Oil Corporation [MRO] rating to a Sector perform from a a Sector outperform in a research note published on July 12, 2024; the price target was decreased to $29 from $45. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. Argus also remained covering MRO and has increased its forecast on March 14, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on December 11, 2023. It rated MRO as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of MRO
On Monday, Marathon Oil Corporation [NYSE:MRO] saw its stock jump 0.88% to $27.51. Over the last five days, the stock has gained 5.36%. Marathon Oil Corporation shares have risen nearly 13.87% since the year began. Nevertheless, the stocks have fallen -1.82% over the past one year. While a 52-week high of $30.06 was reached on 04/12/24, a 52-week low of $21.81 was recorded on 01/18/24. SMA at 50 days reached $27.26, while 200 days put it at $26.84.
Levels Of Support And Resistance For MRO Stock
The 24-hour chart illustrates a support level at 27.38, which if violated will result in even more drops to 27.26. On the upside, there is a resistance level at 27.73. A further resistance level may holdings at 27.96. The Relative Strength Index (RSI) on the 14-day chart is 54.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.92%. Stochastics %K at 79.38% indicates the stock is a holding.
How much short interest is there in Marathon Oil Corporation?
A steep rise in short interest was recorded in Marathon Oil Corporation stocks on 2024-10-15, dropping by -0.96 million shares to a total of 8.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.53 million shares. There was a decline of -11.16%, which implies that there is a negative sentiment for the stock.
