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. McGrath Rentcorp shares valued at $605,582 were sold by VAN TREASE KRISTINA on Oct 30 ’24. At $117.00 per share, VAN TREASE KRISTINA sold 5,176 shares. The insider’s holdings dropped to 205 shares worth approximately $23308.5 following the completion of this transaction.
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Also, Whitney David M sold 5,176 shares, netting a total of over 605,582 in proceeds. Following the sale of shares at $117.00 each, the insider now holds 205 shares.
Before that, Wescott Tara had sold 1,379 shares from its account. In a trade valued at $162,001, the Vice President Human Resources traded McGrath Rentcorp shares for $117.48 each. Upon closing the transaction, the insider’s holdings decreased to 1,379 shares, worth approximately $0.26 million.
Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of November 16, 2022, Sidoti has decreased its “Buy” rating to a “Neutral” for MGRC. Earlier on August 12, 2020, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for MGRC stock which previously was a “a Perform”.
Analyzing MGRC Stock Performance
During the last five days, there has been a surge of approximately 8.06%. Over the course of the year, McGrath Rentcorp shares have dropped approximately -4.95%. Shares of the company reached a 52-week high of $130.86 on 02/12/24 and a 52-week low of $95.50 on 09/18/24. A 50-day SMA is recorded $106.56, while a 200-day SMA reached $111.83. Nevertheless, trading volume fell to 0.57 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for McGrath Rentcorp (MGRC)
According to the 24-hour chart, there is a support level at 112.31, which, if violated, would cause prices to drop to 110.91. In the upper region, resistance lies at 115.88. The next price resistance is at 118.05. RSI (Relative Strength Index) is 59.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.76, which suggests the price will increase in the coming days. Percent R is at 31.49%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
