MRC Global (MRC) Shares are Down -2.4%

MRC Global (MRC) : During the past 4 weeks, traders have been relatively bearish on MRC Global (MRC), hence the stock is down -4.5% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.91% relative to the S&P 500. The 4-week change in the price of the stock is -6.43% and the stock has fallen -2.4% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.52% and the 50-Day Moving Average is 0.01%.The 200 Day SMA reached 8.09% MRC Global Inc. is up 1.57% in the last 3-month period. Year-to-Date the stock performance stands at 10.54%.


MRC Global (MRC) : The most positive equity analysts on MRC Global (MRC) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $13 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $16 with an expected fluctuation of $1.67 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. MRC Global (NYSE:MRC): stock was range-bound between the intraday low of $13.95 and the intraday high of $14.29 after having opened at $14.04 on Fridays session. The stock finally closed in the red at $14.04, a loss of -0.07%. The stock remained in the red for the whole trading day. The total traded volume was 1,560,659 shares. The stock failed to cross $14.29 in Fridays trading. The stocks closing price on Thursday was $14.26.

MRC Global Inc. is a global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company offers products that are used in the construction, maintenance, repair and overhaul of equipment used in extreme operating conditions, such as high pressure, high/low temperature and high corrosive and abrasive environments. Its product types include valves, automation and instrumentation, carbon steel fittings and flanges and stainless steel and alloy pipe and fittings, line pipe and oil country tubular goods, among others. The Company offers around 230,000 stock keeping units, including an array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. The Company operates through its U.S., Canadian, and International segments. It has operations in over 400 service locations. It provides services, such as product testing, volume purchasing and warehousing, among others.

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