Exxon Surges Back

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. That’s a brutal loss of 36% in a little over a year.

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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.

Posted by on June 20th, 2016 at 12:20 pm


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