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An Analysis of Mercury Systems Inc (MRCY)’s Potential Price Growth

Mercury Systems Inc’s recent filing unveils that its Former Officer Georges Stephanie acquired Company’s shares for reported $73867.0 on Oct 08 ’24. In the deal valued at $36.70 per share,2,013 shares were bought.

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Then, Munro Douglas sold 69 shares, generating $2,594 in total proceeds. Upon selling the shares at $37.60, the VP, CAO now owns 15,292 shares.

Before that, Munro Douglas bought 69 shares. Mercury Systems Inc shares valued at $2,594 were divested by the Officer at a price of $37.60 per share.

Alembic Global Advisors upgraded its Mercury Systems Inc [MRCY] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Goldman also remained covering MRCY and has decreased its forecast on January 10, 2024 with a “Sell” recommendation from previously “Neutral” rating. Jefferies revised its rating on January 03, 2024. It rated MRCY as “an Underperform” which previously was an “a Hold”.

Price Performance Review of MRCY

On Friday, Mercury Systems Inc [NASDAQ:MRCY] saw its stock jump 2.14% to $36.20. Over the last five days, the stock has lost -3.08%. Mercury Systems Inc shares have fallen nearly -1.01% since the year began. Nevertheless, the stocks have fallen -7.91% over the past one year. While a 52-week high of $42.72 was reached on 08/14/24, a 52-week low of $25.31 was recorded on 02/07/24. SMA at 50 days reached $36.73, while 200 days put it at $31.85.

Levels Of Support And Resistance For MRCY Stock

The 24-hour chart illustrates a support level at 35.52, which if violated will result in even more drops to 34.83. On the upside, there is a resistance level at 36.77. A further resistance level may holdings at 37.33. The Relative Strength Index (RSI) on the 14-day chart is 46.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.61%. Stochastics %K at 23.76% indicates the stock is a holding.

How much short interest is there in Mercury Systems Inc?

A steep rise in short interest was recorded in Mercury Systems Inc stocks on 2024-09-30, dropping by -0.56 million shares to a total of 4.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.43 million shares. There was a decline of -11.49%, which implies that there is a negative sentiment for the stock.

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