MRC Global Inc’s recent filing unveils that its insider CHURAY DANIEL J unloaded Company’s shares for reported $0.22 million on Aug 23 ’24. In the deal valued at $12.93 per share,16,975 shares were sold. As a result of this transaction, CHURAY DANIEL J now holds 198,178 shares worth roughly $2.5 million.
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Then, CHURAY DANIEL J bought 16,975 shares, generating $219,438 in total proceeds.
Before that, ANTHONY LEONARD M bought 40,000 shares. MRC Global Inc shares valued at $498,787 were divested by the Director at a price of $12.47 per share.
Loop Capital initiated its MRC Global Inc [MRC] rating to a Buy in a research note published on October 03, 2023; the price target was $14. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. JP Morgan also remained covering MRC and has decreased its forecast on February 19, 2021 with a “Neutral” recommendation from previously “an Overweight” rating.
Price Performance Review of MRC
On Tuesday, MRC Global Inc [NYSE:MRC] saw its stock jump 3.28% to $12.60. Over the last five days, the stock has gained 3.36%. MRC Global Inc shares have risen nearly 14.44% since the year began. Nevertheless, the stocks have risen 11.31% over the past one year. While a 52-week high of $14.91 was reached on 07/26/24, a 52-week low of $9.77 was recorded on 01/17/24. SMA at 50 days reached $12.48, while 200 days put it at $12.43.
Levels Of Support And Resistance For MRC Stock
The 24-hour chart illustrates a support level at 12.20, which if violated will result in even more drops to 11.81. On the upside, there is a resistance level at 12.80. A further resistance level may holdings at 13.01. The Relative Strength Index (RSI) on the 14-day chart is 54.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.18%. Stochastics %K at 30.61% indicates the stock is a holding.
How much short interest is there in MRC Global Inc?
A steep rise in short interest was recorded in MRC Global Inc stocks on 2024-10-15, dropping by -0.59 million shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.95 million shares. There was a decline of -43.18%, which implies that there is a negative sentiment for the stock.
