MRO stock price (marathon oil) is sinking but not for long. Oil and natural gas stock prices have been taking a beating the last week of September 2019 through the beginning of this week October.
MRO stock keeps plummeting daily with the occasional few cents increase, just to fall again. MRO stock hit a yearly low of $11.07 today, 10/3/2019. The 52 week high for MRO Marathon stock is $24.14!
Oil and natural gas stocks rise and fall as all stocks do, but can be a bit more predictable at various times of the year. Spring and Summer bring more people and vehicles out and gas is used more for travel, vacations and just getting out more, so the price goes up due to demand.
Natural gas stock prices will go up in the colder months, as millions of homes and businesses need to be heated. The more demand for natural gas, the higher the stock price goes.
Currently, MRO Marathon gas and natural gas is the lowest it has been all year. This is the beginning of October so prices are due to increase fast as the months get colder.
Stock traders shorting these stocks (making money when the stock goes down as opposed to going up) are more than likely selling as many stocks as they can at the lowest prices possible since they know these stocks will take off higher once the freezing months roll in.
I have MRO stock and am holding until the end of the year. Yes it can be scary to see your stock trading account in the red but if you are trading REAL companies, what goes up must come down and vice versa.
MRO stock is trading the lowest it has all year but not for long. With the cold winter months coming, natural gas prices will rise as they always do.
Good luck to you all.
If you want to read further on trading stocks, check out books on Amazon. Find ones that resonate with you and that have great reviews. Read a few at least, to get different perspectives. GOOD LUCK!
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