Updated
Updated · MarketWatch · May 8Marathon Petroleum stock rallies 1.08% in positive trading session
8 articles · Updated · MarketWatch · May 8
- Shares closed at $244.87 on Friday, snapping a two-day losing streak as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02%.
- Marathon outperformed Exxon Mobil and Chevron, whose shares fell, though it lagged Valero Energy's 1.99% gain.
- The stock finished 6.40% below its 52-week high of $261.61 reached on May 5, while trading volume of 2.3 million stayed below its 50-day average.
With conflicting valuations, is Marathon Petroleum a crisis-fueled opportunity or a bubble poised to burst? As Mideast conflict drives record profits, how long can the energy sector's earnings supercycle last?