The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Marathon Petroleum Corp shares valued at $897,644 were purchased by CAMPBELL JEFFREY C on Dec 04 ’24. At $149.61 per share, CAMPBELL JEFFREY C acquired 6,000 shares. The insider’s holdings grew to 6,090 shares worth approximately $0.82 million following the completion of this transaction.
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Also, Rucker Kim K.W. sold 1,000 shares, netting a total of over 170,350 in proceeds. Following the sale of shares at $170.35 each, the insider now holds 23,446 shares.
Before that, Aydt Timothy J had sold 7,955 shares from its account. In a trade valued at $1,375,284, the Ex VP, Refining traded Marathon Petroleum Corp shares for $172.88 each. Upon closing the transaction, the insider’s holdings decreased to 7,955 shares, worth approximately $1.32 million.
As published in a research note from TD Cowen on December 10, 2024, Marathon Petroleum Corp [MPC] has been retained to a Buy and the price target has been revised to $170. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. Earlier on September 09, 2024, Tudor Pickering Holt & Co. downgraded its rating. Their new recommendation was “a Sell” for MPC stock which previously was a “a Buy”.
Analyzing MPC Stock Performance
During the last five days, there has been a drop of approximately -11.13%. Over the course of the year, Marathon Petroleum Corp shares have dropped approximately -8.96%. Shares of the company reached a 52-week high of $221.11 on 04/05/24 and a 52-week low of $134.16 on 12/18/24. A 50-day SMA is recorded $153.55, while a 200-day SMA reached $172.37. Nevertheless, trading volume fell to 3.6 million shares from 3.9 million shares the previous day.
Support And Resistance Levels for Marathon Petroleum Corp (MPC)
According to the 24-hour chart, there is a support level at 133.38, which, if violated, would cause prices to drop to 131.71. In the upper region, resistance lies at 137.51. The next price resistance is at 139.97. RSI (Relative Strength Index) is 23.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.46, which suggests the price will decrease in the coming days. Percent R is at 96.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
