In a filing, Mercer International Inc. revealed its Director Rettig Rainer acquired Company’s shares for reported $31199.0 on Sep 09 ’24. In the deal valued at $6.24 per share,5,000 shares were bought. As a result of this transaction, Rettig Rainer now holds 42,463 shares worth roughly $ 0.27 million.
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Then, Short Richard George bought 6,000 shares, generating $34,200 in total proceeds. Upon buying the shares at $5.70, the CFO and SECRETARY now owns 51,382 shares.
Before that, BECK WOLFGANG bought 18,500 shares. Mercer International Inc. shares valued at $111,370 were divested by the Senior VP, Global Product at a price of $6.02 per share. As a result of the transaction, BECK WOLFGANG now holds 26,263 shares, worth roughly $0.17 million.
CIBC upgraded its Mercer International Inc. [MERC] rating to a Neutral from a a Sector underperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Mkt perform”. CIBC also remained covering MERC and has decreased its forecast on July 20, 2023 with a “Sector underperform” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on February 10, 2023. It rated MERC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of MERC
On Monday, Mercer International Inc. [NASDAQ:MERC] saw its stock jump 13.03% to $6.42. Over the last five days, the stock has gained 7.00%. Mercer International Inc. shares have fallen nearly -32.28% since the year began. Nevertheless, the stocks have fallen -22.18% over the past one year. While a 52-week high of $11.20 was reached on 05/10/24, a 52-week low of $5.33 was recorded on 09/05/24. SMA at 50 days reached $7.10, while 200 days put it at $8.76.
Levels Of Support And Resistance For MERC Stock
The 24-hour chart illustrates a support level at 5.78, which if violated will result in even more drops to 5.14. On the upside, there is a resistance level at 6.81. A further resistance level may holdings at 7.20. The Relative Strength Index (RSI) on the 14-day chart is 50.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.38%. Stochastics %K at 49.57% indicates the stock is a holding.
How much short interest is there in Mercer International Inc.?
A steep rise in short interest was recorded in Mercer International Inc. stocks on 2024-08-15, growing by 0.15 million shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.15 million shares. There was a rise of 11.73%, which implies that there is a positive sentiment for the stock.
