HOUSTON – Energy giant Exxon Mobil Corp. (XOM) finished the trading day in negative territory, closing with a notable loss and signaling potential headwinds for the market open on Monday. The stock settled at
0.61 (0.55%) for the session.
An analysis of Thursday’s trading activity reveals a market dominated by sellers. After opening at $109.94, just below its previous close, the stock faced immediate downward pressure, sliding to a daily low of $108.37. While there were attempts to rebound during the afternoon, the stock failed to gather enough momentum to overcome the selling interest and reclaim its opening levels.
The negative sentiment did not end with the closing bell. In after-hours trading, Exxon Mobil continued its slide, dipping further to $109.21. This sustained weakness suggests that bearish sentiment is carrying over into the weekend.
Outlook for Monday:
Given the consistent selling pressure throughout the day, a weak close below the previous day’s price, and a continued decline in after-hours trading, the market is likely to go down on Monday. The stock’s inability to stage a meaningful recovery indicates that sellers remain in control. Traders will be watching to see if the recent low of $108.37 acts as a support level, but the prevailing momentum points towards a challenging start to the new trading week for Exxon Mobil.
