On a relative basis, the stock has outperformed the S&P 500 by 4.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.41% in the last 1 week, and is up 9.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 2.19%.
Marathon Petroleum Corporation (NYSE:MPC): The stock opened at $37.64 on Friday but the bulls could not build on the opening and the stock topped out at $37.83 for the day. The stock traded down to $36.39 during the day, due to lack of any buying support eventually closed down at $36.55 with a loss of -2.25% for the day. The stock had closed at $37.39 on the previous day. The total traded volume was 10,004,831 shares.
The company Insiders own 1.03% of Marathon Petroleum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 84.14% . Institutional Investors own 79.52% of Marathon Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 84.14%. In a related news, Davis Steven A, director of Marathon Petroleum Corp, executed a transaction worth $52,050 on May 26, 2016. A total of 1,500 shares were purchased at an average price of $34.7. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Marathon Petroleum Corporation (MPC) is engaged petroleum product refining, marketing, retail and transportation businesses. It has three segments: Refining & Marketing, which refines crude oil and other feedstocks at its seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products; Speedway, which sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast, and Pipeline Transportation, which transports crude oil and other feedstocks to its refineries and other locations, delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP.