The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. McGrath Rentcorp shares valued at $111,916 were sold by Malek Gilda on Dec 09 ’24. At $121.78 per share, Malek Gilda sold 919 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Malek Gilda purchased 919 shares, netting a total of over 1 in proceeds.
Before that, HANNA JOSEPH F had sold 15,840 shares from its account. In a trade valued at $1,898,971, the President and CEO traded McGrath Rentcorp shares for $119.88 each. Upon closing the transaction, the insider’s holdings decreased to 15,840 shares, worth approximately $17.35 million.
As published in their initiating research note from CJS Securities on December 11, 2024, McGrath Rentcorp [MGRC] has been a Market outperform and the price target has been revised to $152. As of February 02, 2023, Sidoti has increased its “Neutral” rating to a “Buy” for MGRC. Earlier on November 16, 2022, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for MGRC stock which previously was a “a Buy”.
Analyzing MGRC Stock Performance
During the last five days, there has been a drop of approximately -0.14%. Over the course of the year, McGrath Rentcorp shares have dropped approximately -0.14%. Shares of the company reached a 52-week high of $112.56 on 01/02/25 and a 52-week low of $109.38 on 01/08/25. A 50-day SMA is recorded $117.20, while a 200-day SMA reached $110.55. Nevertheless, trading volume fell to 89180.0 shares from 0.15 million shares the previous day.
Support And Resistance Levels for McGrath Rentcorp (MGRC)
According to the 24-hour chart, there is a support level at 110.09, which, if violated, would cause prices to drop to 108.53. In the upper region, resistance lies at 112.51. The next price resistance is at 113.37. RSI (Relative Strength Index) is 40.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 69.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
