In a filing, Mercury General Corp revealed its President & COO Joseph Victor George acquired Company’s shares for reported $0.9 million on May 23 ’25. In the deal valued at $59.95 per share,15,000 shares were bought. As a result of this transaction, Joseph Victor George now holds 15,025 shares worth roughly $0.99 million.
Then, Zhang Ximeng Simon bought 1,500 shares, generating $92,866 in total proceeds. Upon buying the shares at $61.91, the insider now owns 1,500 shares.
Before that, Ribisi Mark Allan bought 55 shares. Mercury General Corp shares valued at $3,559 were divested by the President of AIS subsidiary at a price of $64.71 per share. As a result of the transaction, Ribisi Mark Allan now holds 680 shares, worth roughly $44682.799999999996.
Raymond James upgraded its Mercury General Corp [MCY] rating to a Strong buy from a an Outperform in a research note published on February 12, 2025; the price target was increased to $80 from $70. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early July from “a Strong buy” to “an Outperform”. Raymond James also remained covering MCY and has increased its forecast on November 04, 2022 with a “Strong buy” recommendation from previously “an Underperform” rating. Raymond James revised its rating on April 03, 2020. It rated MCY as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of MCY
On Monday, Mercury General Corp [NYSE:MCY] saw its stock jump 1.91% to $65.71. Over the last five days, the stock has gained 9.94%. Mercury General Corp shares have fallen nearly -1.16% since the year began. Nevertheless, the stocks have risen 18.33% over the past one year. While a 52-week high of $80.72 was reached on 01/02/25, a 52-week low of $44.19 was recorded on 01/13/25. SMA at 50 days reached $56.98, while 200 days put it at $61.13.
Levels Of Support And Resistance For MCY Stock
The 24-hour chart illustrates a support level at 64.41, which if violated will result in even more drops to 63.10. On the upside, there is a resistance level at 66.66. A further resistance level may holdings at 67.60. The Relative Strength Index (RSI) on the 14-day chart is 70.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.09%. Stochastics %K at 93.88% indicates the stock is a selling.
