Marathon Oil Corporation (MRO) stock is higher by 5.28% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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 Corporation (MRO) stock is trading at $4.59 as of 9:56 AM on Thursday, Sep 17, a rise of $0.02, or 0.44% from the previous closing price of $4.57. The stock has traded between $4.47 and $4.59 so far today. Volume today is low. So far 1,841,772 shares have traded compared to average volume of 25,045,643 shares.
To see InvestorsObserver's Sentiment Score for Marathon Oil Corporation click here.
More About Marathon Oil Corporation
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2019, the company reported net proved reserves of 1.2 billion barrels of oil equivalent. Net production averaged 415 thousand barrels of oil equivalent per day in 2019 at a ratio of 68% oil and NGLs and 32% natural gas.
Click Here to get the full Stock Score Report on Marathon Oil Corporation (MRO) Stock.
