Mercer International Inc.’s recently made public that its CEO & President BUENO ESTRADA JUAN CARLOS acquired Company’s shares for reported $51480.0 on Sep 13 ’24. In the deal valued at $6.60 per share,7,800 shares were bought. As a result of this transaction, BUENO ESTRADA JUAN CARLOS now holds 67,615 shares worth roughly $0.5 million.
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Then, Rettig Rainer bought 4,000 shares, generating $24,400 in total proceeds. Upon buying the shares at $6.10, the Director now owns 46,463 shares.
Before that, North Janine bought 2,000 shares. Mercer International Inc. shares valued at $12,080 were divested by the Director at a price of $6.04 per share. As a result of the transaction, North Janine now holds 2,000 shares, worth roughly $14760.0.
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 Friday, Mercer International Inc. [NASDAQ:MERC] saw its stock jump 4.38% to $7.38. Over the last five days, the stock has gained 3.80%. Mercer International Inc. shares have fallen nearly -22.15% since the year began. Nevertheless, the stocks have fallen -11.93% 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 $6.43, while 200 days put it at $8.44.
Levels Of Support And Resistance For MERC Stock
The 24-hour chart illustrates a support level at 7.12, which if violated will result in even more drops to 6.86. On the upside, there is a resistance level at 7.52. A further resistance level may holdings at 7.65. The Relative Strength Index (RSI) on the 14-day chart is 66.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.22%. Stochastics %K at 83.42% indicates the stock is a selling.
How much short interest is there in Mercer International Inc.?
A steep rise in short interest was recorded in Mercer International Inc. stocks on 2024-09-30, dropping by -0.93 million shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.66 million shares. There was a decline of -127.56%, which implies that there is a negative sentiment for the stock.
