Marathon Petroleum Corp’s filing revealed that its Director CAMPBELL JEFFREY C acquired Company’s shares for reported $0.9 million on Dec 04 ’24. In the deal valued at $149.61 per share,6,000 shares were bought. As a result of this transaction, CAMPBELL JEFFREY C now holds 6,090 shares worth roughly $0.92 million.
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Then, Rucker Kim K.W. sold 1,000 shares, generating $170,350 in total proceeds. Upon selling the shares at $170.35, the Director now owns 23,446 shares.
Before that, Aydt Timothy J sold 7,955 shares. Marathon Petroleum Corp shares valued at $1,375,284 were divested by the Ex VP, Refining at a price of $172.88 per share. As a result of the transaction, Aydt Timothy J now holds 9,801 shares, worth roughly $1.48 million.
TD Cowen reiterated its Marathon Petroleum Corp [MPC] rating to a Buy in a research note published on November 06, 2024; the price target was $170. Tudor Pickering Holt & Co. also remained covering MPC and has decreased its forecast on September 09, 2024 with a “Sell” recommendation from previously “Buy” rating. TD Cowen maintained its rating on August 07, 2024. It rated MPC as “a Buy”.
Price Performance Review of MPC
On Friday, Marathon Petroleum Corp [NYSE:MPC] saw its stock jump 0.56% to $150.94. Over the last five days, the stock has lost -3.34%. Marathon Petroleum Corp shares have risen nearly 1.74% since the year began. Nevertheless, the stocks have risen 5.42% 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 11/01/24. SMA at 50 days reached $157.13, while 200 days put it at $173.43.
Levels Of Support And Resistance For MPC Stock
The 24-hour chart illustrates a support level at 149.57, which if violated will result in even more drops to 148.20. On the upside, there is a resistance level at 151.76. A further resistance level may holdings at 152.58. The Relative Strength Index (RSI) on the 14-day chart is 39.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.15%. Stochastics %K at 15.33% 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 2024-11-15, dropping by -1.9 million shares to a total of 6.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.78 million shares. There was a decline of -27.66%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 18, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $200 price target.
