Check Out What Whales Are Doing With MPC
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Marathon Petroleum (NYSE:MPC), with 66% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $65.0 to $165.0 for Marathon Petroleum over the last 3 months. The price of MPC is up 1.89% at $150.69, with RSI indicators hinting that the stock may be approaching overbought. Next earnings are expected to be released in 54 days.
September 07, 2023 | 6:49 pm
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Whale investors have taken a bearish stance on Marathon Petroleum (NYSE:MPC), with the stock price currently up 1.89% at $150.69. The stock may be approaching overbought according to RSI indicators.
The bearish stance taken by whale investors indicates a potential downward pressure on the stock price. The stock is also potentially overbought according to RSI indicators, which could lead to a price correction in the short term. The next earnings release in 54 days could also impact the stock price.
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