Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Murphy USA Inc shares valued at $988,767 were sold by CHUMLEY ROBERT J on Nov 11 ’24. At $526.50 per share, CHUMLEY ROBERT J sold 1,878 shares. The insider’s holdings dropped to 6,448 shares worth approximately $3.57 million following the completion of this transaction.
Also, Bacon Renee M sold 3,545 shares, netting a total of over 1,843,046 in proceeds. Following the sale of shares at $519.90 each, the insider now holds 5,927 shares.
Before that, CHUMLEY ROBERT J had added 1,878 shares to its account. In a trade valued at $988,767, the Officer bought Murphy USA Inc shares for $526.50 each.
As published in a research note from JP Morgan on September 19, 2024, Murphy USA Inc [MUSA] has been rated down from a Neutral to an Underweight and the price target has been revised to $435 from $415. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 23, 2023, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for MUSA. Earlier on December 15, 2022, RBC Capital Mkts initiated its rating. Their recommendation was “a Sector perform” for MUSA stock.
Analyzing MUSA Stock Performance
During the last five days, there has been a surge of approximately 5.40%. Over the course of the year, Murphy USA Inc shares have jumped approximately 55.20%. Shares of the company reached a 52-week high of $561.08 on 11/27/24 and a 52-week low of $350.55 on 02/01/24. A 50-day SMA is recorded $499.30, while a 200-day SMA reached $466.54. Nevertheless, trading volume fell to 0.13 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Murphy USA Inc (MUSA)
According to the 24-hour chart, there is a support level at 549.06, which, if violated, would cause prices to drop to 544.72. In the upper region, resistance lies at 559.40. The next price resistance is at 565.41. RSI (Relative Strength Index) is 74.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.38, which suggests the price will increase in the coming days. Percent R is at 14.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
