Murphy Oil Corp (MUR) $50.47 -1.87%
Murphy Oil (MUR) loses 96 cents to $50.47 and the top options trade in the El Dorado, AR oil and gas refiner Friday is a 2980-contract block of Oct 55 calls at $1.53 on ISE. It’s an opening buyer, according to ISEE data. 5,480 now traded. Another 1,050 Oct 52.5 calls changed hands. Bullish trading in MUR comes after a 34.7 percent slide since April. The stock notched a 52-week high of $78.16 on 4/29, but has been in a bearish funk since. A 52-week low of $47.24 ws set on 8/26 and the stock is now probling support around the $50 level. Earnings were last reported on 7/27.
Category: All Stocks, Mid Cap Stocks, Oil & Gas Producers
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
