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Updated · MarketWatch · May 6Marathon Petroleum stock slides 5.65% and underperforms in strong market session
7 articles · Updated · MarketWatch · May 6
- Shares closed at $245.78 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
- The decline ended a two-day winning streak and left the stock 6.05% below its 52-week high of $261.61 reached on 5 May.
- Among peers, Exxon Mobil fell 4.00%, Chevron dropped 3.88% and Valero Energy lost 6.61%, making Marathon's performance mixed relative to competitors.
After a record high and a sudden crash, is Marathon Petroleum now a massive bargain or a dangerous trap? A potential US-Iran deal just crashed oil prices. What happens if these delicate peace talks suddenly collapse?