Marathon Petroleum Corporation (MPC) : The total money flow in Marathon Petroleum Corporation (MPC) was negative ($9.85 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $26.78 million. In comparison, the inflow of money into the stock on upticks was $16.93 million. The uptick to downtick ratio was 0.63. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $11.01 million. The negative money flow of ($11.01 million) confirms the selling in Marathon Petroleum Corporation (MPC) on strength. Marathon Petroleum Corporation (MPC) gained $0.27 at $37.8, a gain of 0.72% over the previous days close. However, the stock registered 3.42% in the week.
Also, Major Brokerage house, JP Morgan maintains its ratings on Marathon Petroleum Corporation (NYSE:MPC). In the latest research report, JP Morgan lowers the target price from $39 per share to $38 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 10, 2016.
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 $37.30 and $36.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.80, notching a gain of 0.72% for the day. The total traded volume was 3,505,981 . The stock had closed at $37.53 on the previous day.
The stock has recorded a 20-day Moving Average of 3.26% and the 50-Day Moving Average is 5.45%. 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.