Shares of Marathon Petroleum Corporation (MPC) Sees Large Outflow of Money

Marathon Petroleum Corporation (MPC) : The value of composite uptick trades was $6.49 million, whereas, the value of composite downtick trades was $9.92 million. The uptick to downtick ratio stood at 0.65 with a negative money flow of ($3.43) Million during Thursdays trading session. The block trades money flow was negative ($3.39 million). The transaction of the trades on downticks amounted to $3.39 million, which confirms investors selling on the strength of price. Marathon Petroleum Corporation (MPC) gained 20 cents at $37.18, an increase of 0.54% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.1% and the 50-Day Moving Average is 4.52%. Shares have dropped -38.02% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $59.99 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $35.67 and the 200 Day Moving Average price is recorded at $37.78.

Marathon Petroleum Corporation (NYSE:MPC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.25 and $36.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.39, notching a gain of 1.11% for the day. The total traded volume was 7,515,821 . The stock had closed at $36.98 on the previous day.

In an insider trading activity, Davis Steven A, director of Marathon Petroleum Corp had purchased 1,500 shares on May 26, 2016 in a transaction. The price per share was $34.7 and the total amount of the disclosed transaction was $52,050.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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