Marathon Oil Corporation’s recent filing unveils that its Officer TILLMAN LEE M acquired Company’s shares for reported $7.46 million on Nov 18 ’24. In the deal valued at $29.07 per share,256,591 shares were bought.
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Then, Whitehead Dane E sold 52,008 shares, generating $1,430,251 in total proceeds. Upon selling the shares at $27.50, the insider now owns 100,000 shares.
Before that, Whitehead Dane E bought 52,008 shares. Marathon Oil Corporation shares valued at $1,430,253 were divested by the Officer at a price of $27.50 per share.
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 1.40% to $28.99. Over the last five days, the stock has gained 1.29%. Marathon Oil Corporation shares have risen nearly 19.99% since the year began. Nevertheless, the stocks have risen 17.13% 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 $27.41, while 200 days put it at $27.13.
Levels Of Support And Resistance For MRO Stock
The 24-hour chart illustrates a support level at 28.76, which if violated will result in even more drops to 28.54. On the upside, there is a resistance level at 29.17. A further resistance level may holdings at 29.36. The Relative Strength Index (RSI) on the 14-day chart is 62.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.33%. Stochastics %K at 91.03% indicates the stock is a selling.
How much short interest is there in Marathon Oil Corporation?
A steep rise in short interest was recorded in Marathon Oil Corporation stocks on 2024-10-31, growing by 0.14 million shares to a total of 8.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.2 million shares. There was a rise of 1.63%, which implies that there is a positive sentiment for the stock.
