Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mercury Systems Inc shares valued at $59,241 were sold by Wells Charles Roger IV on Nov 18 ’24. At $38.80 per share, Wells Charles Roger IV sold 1,527 shares. The insider’s holdings dropped to 113,488 shares worth approximately $4.32 million following the completion of this transaction.
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Also, Wells Charles Roger IV purchased 1,527 shares, netting a total of over 59,242 in proceeds.
Before that, Georges Stephanie had added 2,013 shares to its account. In a trade valued at $73,867, the Former Officer bought Mercury Systems Inc shares for $36.70 each.
As published in a research note from Jefferies on November 11, 2024, Mercury Systems Inc [MRCY] has been rated up from an Underperform to a Hold and the price target has been revised to $42 from $30. Analysts at Alembic Global Advisors upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid August. As of February 07, 2024, Truist has decreased its “Buy” rating to a “Hold” for MRCY. Earlier on January 10, 2024, Goldman downgraded its rating. Their new recommendation was “a Sell” for MRCY stock which previously was a “a Neutral”.
Analyzing MRCY Stock Performance
During the last five days, there has been a drop of approximately -2.85%. Over the course of the year, Mercury Systems Inc shares have jumped approximately 4.10%. Shares of the company reached a 52-week high of $44.63 on 11/13/24 and a 52-week low of $25.31 on 02/07/24. A 50-day SMA is recorded $37.80, while a 200-day SMA reached $33.49. Nevertheless, trading volume fell to 0.71 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Mercury Systems Inc (MRCY)
According to the 24-hour chart, there is a support level at 37.44, which, if violated, would cause prices to drop to 36.81. In the upper region, resistance lies at 38.91. The next price resistance is at 39.75. RSI (Relative Strength Index) is 46.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 83.05%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
