How Will the Market React to Marathon Petroleum Corp (MPC) Stock Getting a Bullish Rating

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

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

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MPC Stock Today?

Marathon Petroleum Corp (MPC) stock is higher by 1.68% while the S&P 500 is down -0.32% as of 2:48 PM on Monday, Apr 1. MPC has risen $3.38 from the previous closing price of $201.50 on volume of 1,303,487 shares. Over the past year the S&P 500 has risen 26.99% while MPC has risen 51.05%. MPC earned $23.76 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.61. To screen for more stocks like Marathon Petroleum Corp click here.

More About Marathon Petroleum Corp

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, ND, facility produces 184 million gallons a year of renewable diesel. Its Martinez, CA, facility will have the ability to produce 730 million gallons a year of renwable diesel once converted. Click Here to get the full Stock Report for Marathon Petroleum Corp stock.