Marathon Petroleum Corp (MPC): Today's Featured Basic Materials Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Marathon Petroleum (MPC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole was unchanged today. By the end of trading, Marathon Petroleum fell $1.65 (-1.9%) to $85.55 on heavy volume. Throughout the day, 6,015,492 shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3,747,100 shares. The stock ranged in price between $85.42-$88.81 after having opened the day at $87.70 as compared to the previous trading day's close of $87.20. Other companies within the Basic Materials sector that declined today were: Genie Energy Ltd Class B (GNE), down 22.9%, New Concept Energy (GBR), down 16.1%, Oil-Dri Corporation of America (ODC), down 13.8% and Metabolix (MBLX), down 11.0%.
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