The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mercury Systems Inc shares valued at $52,910 were sold by Georges Stephanie on Aug 19 ’24. At $39.49 per share, Georges Stephanie sold 1,340 shares. The insider’s holdings dropped to 32,259 shares worth approximately $1.19 million following the completion of this transaction.
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Also, Munro Douglas sold 345 shares, netting a total of over 13,622 in proceeds. Following the sale of shares at $39.49 each, the insider now holds 15,361 shares.
Before that, Ratner Steven had sold 974 shares from its account. In a trade valued at $38,458, the EVP, CHRO traded Mercury Systems Inc shares for $39.49 each. Upon closing the transaction, the insider’s holdings decreased to 974 shares, worth approximately $2.36 million.
As published in a research note from Alembic Global Advisors on August 19, 2024, Mercury Systems Inc [MRCY] has been rated up from a Neutral to an Overweight. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. As of January 10, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for MRCY. Earlier on January 03, 2024, Jefferies downgraded its rating. Their new recommendation was “an Underperform” for MRCY stock which previously was a “a Hold”.
Analyzing MRCY Stock Performance
During the last five days, there has been a drop of approximately -8.03%. Over the course of the year, Mercury Systems Inc shares have jumped approximately 0.90%. 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 $32.57, while a 200-day SMA reached $31.58. Nevertheless, trading volume fell to 0.66 million shares from 0.49 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 36.26, which, if violated, would cause prices to drop to 35.61. In the upper region, resistance lies at 38.01. The next price resistance is at 39.11. RSI (Relative Strength Index) is 55.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 52.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
