MRC Global Inc’s recent filing unveils that its Former BOD and Officer WOOD ROBERT L acquired Company’s shares for reported $0.56 million on Nov 21 ’24. In the deal valued at $14.00 per share,40,000 shares were bought.
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Then, WOOD ROBERT L bought 15,000 shares, generating $201,479 in total proceeds.
Before that, CHURAY DANIEL J sold 16,975 shares. MRC Global Inc shares valued at $219,487 were divested by the insider at a price of $12.93 per share. As a result of the transaction, CHURAY DANIEL J now holds 198,178 shares, worth roughly $2.78 million.
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 fall -0.28% to $14.01. Over the last five days, the stock has gained 5.26%. MRC Global Inc shares have risen nearly 27.25% since the year began. Nevertheless, the stocks have risen 32.80% 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 $12.90, while 200 days put it at $12.67.
Levels Of Support And Resistance For MRC Stock
The 24-hour chart illustrates a support level at 13.84, which if violated will result in even more drops to 13.67. On the upside, there is a resistance level at 14.10. A further resistance level may holdings at 14.19. The Relative Strength Index (RSI) on the 14-day chart is 63.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.17%. Stochastics %K at 63.26% 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 2024-11-15, dropping by -0.42 million shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.36 million shares. There was a decline of -45.02%, which implies that there is a negative sentiment for the stock.
