McGrath Rentcorp’s recent filing unveils that its VP General Counsel and Corpora Malek Gilda unloaded Company’s shares for reported $0.11 million on Dec 09 ’24. In the deal valued at $121.78 per share,919 shares were sold. As a result of this transaction, Malek Gilda now holds 0 shares worth roughly $0.0.
Then, Malek Gilda bought 919 shares, generating $1 in total proceeds.
Before that, HANNA JOSEPH F sold 15,840 shares. McGrath Rentcorp shares valued at $1,898,971 were divested by the President and CEO at a price of $119.88 per share. As a result of the transaction, HANNA JOSEPH F now holds 155,409 shares, worth roughly $18.38 million.
CJS Securities initiated its McGrath Rentcorp [MGRC] rating to a Market outperform in a research note published on December 11, 2024; the price target was $152. Sidoti also remained covering MGRC and has increased its forecast on February 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on November 16, 2022. It rated MGRC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MGRC
On Friday, McGrath Rentcorp [NASDAQ:MGRC] saw its stock fall -0.61% to $118.28. Over the last five days, the stock has gained 6.15%. McGrath Rentcorp shares have risen nearly 5.78% since the year began. Nevertheless, the stocks have risen 8.40% over the past one year. While a 52-week high of $130.86 was reached on 01/17/25, a 52-week low of $95.50 was recorded on 01/08/25. SMA at 50 days reached $117.25, while 200 days put it at $110.37.
Levels Of Support And Resistance For MGRC Stock
The 24-hour chart illustrates a support level at 116.78, which if violated will result in even more drops to 115.29. On the upside, there is a resistance level at 120.19. A further resistance level may holdings at 122.11. The Relative Strength Index (RSI) on the 14-day chart is 61.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.63%. Stochastics %K at 91.64% indicates the stock is a selling.
How much short interest is there in McGrath Rentcorp?
A steep rise in short interest was recorded in McGrath Rentcorp stocks on 2024-12-31, dropping by 11632.0 shares to a total of 0.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.61 million shares. There was a decline of -1.96%, which implies that there is a negative sentiment for the stock.
