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 $124,692 were sold by Box Kimberly Ann on Feb 27 ’25. At $124.69 per share, Box Kimberly Ann sold 1,000 shares. The insider’s holdings dropped to 7,500 shares worth approximately $0.79 million following the completion of this transaction.
Also, Box Kimberly Ann purchased 1,000 shares, netting a total of over 124,692 in proceeds.
Before that, Malek Gilda had sold 919 shares from its account. In a trade valued at $111,916, the VP General Counsel and Corpora traded McGrath Rentcorp shares for $121.78 each. Upon closing the transaction, the insider’s holdings decreased to 919 shares, worth approximately $0.0.
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 surge of approximately 2.08%. Over the course of the year, McGrath Rentcorp shares have dropped approximately -6.16%. Shares of the company reached a 52-week high of $129.93 on 02/21/25 and a 52-week low of $100.03 on 04/09/25. A 50-day SMA is recorded $115.01, while a 200-day SMA reached $112.49.
Support And Resistance Levels for McGrath Rentcorp (MGRC)
According to the 24-hour chart, there is a support level at 104.27, which, if violated, would cause prices to drop to 103.61. In the upper region, resistance lies at 105.82. The next price resistance is at 106.71. RSI (Relative Strength Index) is 40.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 65.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
