MRC Global Inc’s filing revealed 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.
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 $2.68 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 -0.66% to $13.54. Over the last five days, the stock has lost -4.38%. MRC Global Inc shares have risen nearly 22.98% since the year began. Nevertheless, the stocks have risen 30.07% 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 $13.13, while 200 days put it at $12.77.
Levels Of Support And Resistance For MRC Stock
The 24-hour chart illustrates a support level at 13.34, which if violated will result in even more drops to 13.14. On the upside, there is a resistance level at 13.73. A further resistance level may holdings at 13.93. The Relative Strength Index (RSI) on the 14-day chart is 48.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.40%. Stochastics %K at 37.21% 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 2024-11-29, dropping by 46744.0 shares to a total of 1.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.09 million shares. There was a decline of -4.47%, which implies that there is a negative sentiment for the stock.
