Do Traders Think Marathon Oil Corp (MRO) Can Keep Climbing Thursday?

The market has been high on Marathon Oil Corp (MRO) stock recently. MRO gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Marathon Oil Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MRO!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MRO Stock Today?

Marathon Oil Corp (MRO) stock is trading at $28.30 as of 3:14 PM on Thursday, Mar 28, a gain of $0.58, or 2.09% from the previous closing price of $27.72. The stock has traded between $27.88 and $28.30 so far today. Volume today is less active than usual. So far 7,120,500 shares have traded compared to average volume of 10,399,496 shares. To see InvestorsObserver's Sentiment Score for Marathon Oil Corp click here.

More About Marathon Oil Corp

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2021, the company reported net proved reserves of 1.1 billion barrels of oil equivalent. Net production averaged 347 thousand barrels of oil equivalent per day in 2021 at a ratio of 70% oil and NGLs and 31% natural gas. Click Here to get the full Stock Report for Marathon Oil Corp stock.