Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MRC Global Inc shares valued at $474,950 were sold by Bates Grant R on May 20 ’24. At $13.57 per share, Bates Grant R sold 35,000 shares. The insider’s holdings dropped to 110,191 shares worth approximately $1.36 million following the completion of this transaction.
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Also, Bates Grant R sold 4,698 shares, netting a total of over 64,644 in proceeds. Following the sale of shares at $13.76 each, the insider now holds 145,191 shares.
Before that, Adams Deborah G had sold 12,500 shares from its account. In a trade valued at $172,500, the Director traded MRC Global Inc shares for $13.80 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $1.05 million.
As published in their initiating research note from Loop Capital on October 03, 2023, MRC Global Inc [MRC] has been a Buy and the price target has been revised to $14. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of February 19, 2021, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for MRC.
Analyzing MRC Stock Performance
Over the course of the year, MRC Global Inc shares have jumped approximately 12.08%. Shares of the company reached a 52-week high of $14.02 on 05/13/24 and a 52-week low of $9.77 on 01/17/24. A 50-day SMA is recorded $12.51, while a 200-day SMA reached $11.32. Nevertheless, trading volume fell to 0.51 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for MRC Global Inc (MRC)
According to the 24-hour chart, there is a support level at 12.11, which, if violated, would cause prices to drop to 11.88. In the upper region, resistance lies at 12.49. The next price resistance is at 12.64. RSI (Relative Strength Index) is 44.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 70.64%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
