Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MRC Global Inc shares valued at $437,581 were purchased by WOOD ROBERT L on Jan 15 ’25. At $13.76 per share, WOOD ROBERT L acquired 31,795 shares.
Also, ANTHONY LEONARD M sold 40,000 shares, netting a total of over 498,800 in proceeds. Following the sale of shares at $12.47 each, the insider now holds 61,120 shares.
Before that, WOOD ROBERT L had added 40,000 shares to its account. In a trade valued at $559,917, the Former BOD and Officer bought MRC Global Inc shares for $14.00 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 -2.11%. Over the course of the year, MRC Global Inc shares have dropped approximately -13.07%. Shares of the company reached a 52-week high of $15.41 on 01/27/25 and a 52-week low of $10.93 on 03/12/25. A 50-day SMA is recorded $13.14, while a 200-day SMA reached $13.01.
Support And Resistance Levels for MRC Global Inc (MRC)
According to the 24-hour chart, there is a support level at 10.98, which, if violated, would cause prices to drop to 10.84. In the upper region, resistance lies at 11.29. The next price resistance is at 11.47. RSI (Relative Strength Index) is 32.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 91.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
