MRC Global Inc’s recent filing unveils that its Director ANTHONY LEONARD M unloaded Company’s shares for reported $0.5 million on Aug 15 ’24. In the deal valued at $12.47 per share,40,000 shares were sold. As a result of this transaction, ANTHONY LEONARD M now holds 61,120 shares worth roughly $0.78 million.
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Then, WOOD ROBERT L bought 40,000 shares, generating $559,917 in total proceeds.
Before that, WOOD ROBERT L bought 15,000 shares. MRC Global Inc shares valued at $201,479 were divested by the Former Board Member at a price of $13.43 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 0.47% to $12.80. Over the last five days, the stock has lost -2.88%. MRC Global Inc shares have risen nearly 16.26% since the year began. Nevertheless, the stocks have risen 17.00% 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 $13.19, while 200 days put it at $12.82.
Levels Of Support And Resistance For MRC Stock
The 24-hour chart illustrates a support level at 12.68, which if violated will result in even more drops to 12.57. On the upside, there is a resistance level at 12.86. A further resistance level may holdings at 12.93. The Relative Strength Index (RSI) on the 14-day chart is 38.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.86%. Stochastics %K at 28.49% 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.
