Exxon Surges Back
by Eddy Elfenbein, Crossing Wall Street
Exxon Mobil (XOM) obviously follows the course of world oil markets. The stock plunged from an intra-day high of $104.76 on July 29, 2014 to an intra-day low of $66.55 on August 24, 2015. Thatās a brutal loss of 36% in a little over a year.
But now XOM is hot again. The shares touched $91.59 today. That ties a 16-month high. The stock has made back roughly two-thirds of what it lost.
The market gods are capricious and rarely boring.
Copyright Ā© Crossing Wall Street
