Mercer International Inc’s recent filing unveils that its COO, Wood Products Merforth Carsten acquired Company’s shares for reported $25312.0 on May 08 ’25. In the deal valued at $3.62 per share,7,000 shares were bought. As a result of this transaction, Merforth Carsten now holds 22,651 shares worth roughly $92189.57.
Then, BECK WOLFGANG bought 8,791 shares, generating $31,687 in total proceeds. Upon buying the shares at $3.60, the Sr. VP, Global Wood Sourcing now owns 35,054 shares.
Before that, Laberge Alice bought 1,000 shares. Mercer International Inc shares valued at $3,640 were divested by the Director at a price of $3.64 per share. As a result of the transaction, Laberge Alice now holds 8,065 shares, worth roughly $32824.55.
CIBC upgraded its Mercer International Inc [MERC] rating to a Neutral from a a Sector underperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Mkt perform”. CIBC also remained covering MERC and has decreased its forecast on July 20, 2023 with a “Sector underperform” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on February 10, 2023. It rated MERC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of MERC
On Tuesday, Mercer International Inc [NASDAQ:MERC] saw its stock jump 3.04% to $4.07. Over the last five days, the stock has gained 14.33%. Mercer International Inc shares have fallen nearly -37.38% since the year began. Nevertheless, the stocks have fallen -62.35% over the past one year. While a 52-week high of $11.16 was reached on 02/27/25, a 52-week low of $3.20 was recorded on 05/06/25. SMA at 50 days reached $5.42, while 200 days put it at $6.28.
Levels Of Support And Resistance For MERC Stock
The 24-hour chart illustrates a support level at 3.97, which if violated will result in even more drops to 3.86. On the upside, there is a resistance level at 4.16. A further resistance level may holdings at 4.24. The Relative Strength Index (RSI) on the 14-day chart is 39.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.45%. Stochastics %K at 45.49% indicates the stock is a holding.
