Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MRC Global Inc shares valued at $498,800 were sold by ANTHONY LEONARD M on Aug 15 ’24. At $12.47 per share, ANTHONY LEONARD M sold 40,000 shares. The insider’s holdings dropped to 61,120 shares worth approximately $0.78 million following the completion of this transaction.
Also, WOOD ROBERT L purchased 40,000 shares, netting a total of over 559,917 in proceeds.
Before that, WOOD ROBERT L had added 15,000 shares to its account. In a trade valued at $201,479, the Former Board Member bought MRC Global Inc shares for $13.43 each.
As published in their initiating research note from Loop Capital on October 03, 2023, MRC Global Inc [MRC] has been a Buy and the price target has been revised to $14. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of February 19, 2021, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for MRC.
Analyzing MRC Stock Performance
During the last five days, there has been a drop of approximately -6.62%. Over the course of the year, MRC Global Inc shares have jumped approximately 15.35%. Shares of the company reached a 52-week high of $14.91 on 07/26/24 and a 52-week low of $9.77 on 01/17/24. A 50-day SMA is recorded $13.20, while a 200-day SMA reached $12.81. Nevertheless, trading volume fell to 0.7 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for MRC Global Inc (MRC)
According to the 24-hour chart, there is a support level at 12.41, which, if violated, would cause prices to drop to 12.12. In the upper region, resistance lies at 13.19. The next price resistance is at 13.69. RSI (Relative Strength Index) is 33.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 94.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
