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

Marathon Petroleum Corporation (NYSE:MPC): The stock had negative money flow to the tune of ($2.98 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $27.18 million, whereas, the outflow of money on downticks was $30.16 million and the ratio between the two was 0.9. The block trade had a negative net money flow of ($3.09 million). The total block trade value undertaken on upticks was $0.54 million. On the other hand, downticks amounted to $3.63 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.15. Marathon Petroleum Corporation (NYSE:MPC) closed with marginal gains of 147 cents to end the day at $37.17, an increase of 4.12% over the previous days close. The stock recorded 5.21% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Marathon Petroleum Corp, Davis Steven A had purchased shares worth of $52,050 in a transaction dated on May 26, 2016. A total of 1,500 shares were purchased at a price of $34.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently 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 79.6% of Marathon Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 84.14%.

The company shares have dropped -33.61% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $60.38 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $35.37 and the 200 Day Moving Average price is recorded at $38.67. Marathon Petroleum Corporation (NYSE:MPC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.06 and $35.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.26, notching a gain of 4.37% for the day. The total traded volume was 9,061,612 . The stock had closed at $35.70 on the previous day.

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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