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What is the Market's View on Marathon Oil Corporation (MRO) Stock's Price and Volume Trends Monday?

Monday, May 03, 2021 02:31 PM | InvestorsObserver Analysts

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What is the Market's View on Marathon Oil Corporation (MRO) Stock's Price and Volume Trends Monday?

Marathon Oil Corporation (MRO) stock has gained 2.04% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
Marathon Oil Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MRO!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

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 down -2.31% while the S&P 500 has gained 0.42% as of 2:18 PM on Monday, May 3. MRO has fallen -$0.26 from the previous closing price of $11.26 on volume of 31,597,204 shares. Over the past year the S&P 500 has gained 47.69% while MRO has gained 89.33%. MRO lost -$1.83 per share in the over the last 12 months.

To see the top 5 stocks in the Oil & Gas E&P industry 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 2020, the company reported net proved reserves of 972 million barrels of oil equivalent. Net production averaged 383 thousand barrels of oil equivalent per day in 2020 at a ratio of 67% oil and NGLs and 33% natural gas.

Click Here to get the full Stock Score Report on Marathon Oil Corporation (MRO) Stock.

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