Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mercury Systems Inc shares valued at $61,134 were sold by Ratner Steven on Jun 18 ’24. At $27.76 per share, Ratner Steven sold 2,202 shares. The insider’s holdings dropped to 50,592 shares worth approximately $2.02 million following the completion of this transaction.
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Also, Ratner Steven sold 1,895 shares, netting a total of over 55,988 in proceeds. Following the sale of shares at $29.55 each, the insider now holds 52,604 shares.
Before that, Ratner Steven had sold 129 shares from its account. In a trade valued at $3,709, the EVP, CHRO traded Mercury Systems Inc shares for $28.75 each. Upon closing the transaction, the insider’s holdings decreased to 129 shares, worth approximately $0.0.
As published in a research note from Truist on February 07, 2024, Mercury Systems Inc [MRCY] has been rated down from a Buy to a Hold and the price target has been revised to $28 from $48. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of January 03, 2024, Jefferies has decreased its “Hold” rating to a “an Underperform” for MRCY.
Analyzing MRCY Stock Performance
During the last five days, there has been a surge of approximately 18.41%. Over the course of the year, Mercury Systems Inc shares have jumped approximately 9.38%. Shares of the company reached a 52-week high of $42.72 on 08/14/24 and a 52-week low of $25.31 on 02/07/24. A 50-day SMA is recorded $31.53, while a 200-day SMA reached $31.49. Nevertheless, trading volume fell to 5.6 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Mercury Systems Inc (MRCY)
According to the 24-hour chart, there is a support level at 38.51, which, if violated, would cause prices to drop to 37.01. In the upper region, resistance lies at 42.11. The next price resistance is at 44.21. RSI (Relative Strength Index) is 71.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 24.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
