Murphy USA Inc’s recently made public that its SVP, Chief Digital Officer CHUMLEY ROBERT J unloaded Company’s shares for reported $0.99 million on Nov 11 ’24. In the deal valued at $526.50 per share,1,878 shares were sold. As a result of this transaction, CHUMLEY ROBERT J now holds 6,448 shares worth roughly $3.32 million.
Then, Bacon Renee M sold 3,545 shares, generating $1,843,046 in total proceeds. Upon selling the shares at $519.90, the SVP, Sales & Ops & CMO now owns 5,927 shares.
Before that, CHUMLEY ROBERT J bought 1,878 shares. Murphy USA Inc shares valued at $988,767 were divested by the Officer at a price of $526.50 per share.
JP Morgan downgraded its Murphy USA Inc [MUSA] rating to an Underweight from a a Neutral in a research note published on September 19, 2024; the price target was increased to $435 from $415. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Wells Fargo also remained covering MUSA and has increased its forecast on January 23, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. RBC Capital Mkts started covering the stock on December 15, 2022. It rated MUSA as “a Sector perform”.
Price Performance Review of MUSA
On Tuesday, Murphy USA Inc [NYSE:MUSA] saw its stock jump 0.54% to $514.31. Over the last five days, the stock has lost -4.71%. Murphy USA Inc shares have risen nearly 44.24% since the year began. Nevertheless, the stocks have risen 42.64% over the past one year. While a 52-week high of $561.08 was reached on 11/27/24, a 52-week low of $350.55 was recorded on 02/01/24. SMA at 50 days reached $516.16, while 200 days put it at $477.99.
Levels Of Support And Resistance For MUSA Stock
The 24-hour chart illustrates a support level at 510.40, which if violated will result in even more drops to 506.49. On the upside, there is a resistance level at 516.82. A further resistance level may holdings at 519.33. The Relative Strength Index (RSI) on the 14-day chart is 40.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.91%. Stochastics %K at 5.92% indicates the stock is a buying.
How much short interest is there in Murphy USA Inc?
A steep rise in short interest was recorded in Murphy USA Inc stocks on 2024-11-29, dropping by 85859.0 shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.15 million shares. There was a decline of -8.03%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 25, 2022 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $230 price target.
