Marathon Petroleum Corporation (MPC) : The total negative money flow of $1.09 million on Thursday indicates selling on strength. The inflow of money on upticks was $3.35 million, compared to $4.44 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.75. The negative money flow of $1.5 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.22 million in a block trade.The transaction value of block trade on downtick was $3.73 million. The uptick to downtick ratio was 0.6. The price action in the Marathon Petroleum Corporation (MPC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $36.8 with a gain of $0.3 , a change of 0.82% over the previous days close. The stock registered -6.29% for the week.
Marathon Petroleum Corporation (MPC) : Average target price received by Marathon Petroleum Corporation (MPC) is $48 with an expected standard deviation of $9.2. The most aggressive target on the stock is $62, whereas the most downbeat target is $34. 10 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 0.41% and the 50-Day Moving Average is 1.74%.
Marathon Petroleum Corporation (NYSE:MPC): The stock opened at $36.76 on Thursday but the bulls could not build on the opening and the stock topped out at $37.32 for the day. The stock traded down to $35.16 during the day, due to lack of any buying support eventually closed down at $35.48 with a loss of -2.79% for the day. The stock had closed at $36.50 on the previous day. The total traded volume was 10,001,997 shares.
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.