Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Marathon Petroleum and the Teamsters union, which represents refinery workers in Detroit, Michigan, are at a standstill as negotiations for a new labor agreement stagnate and the strike at the plant enters its third week. More than 200 Teamsters at Marathon's Detroit refinery called for an economic strike on Sept. 4 after nine months of pay- and safety-related negotiations and mediation with Marathon failed to reach agreement.
The latest trading day saw Marathon Petroleum (MPC) settling at $162.45, representing a -1.08% change from its previous close.