Mrc Global Inc. (MRC) Files Form 4 Insider Buying : Karl Witt Buys 1,740 Shares

Mrc Global Inc. (MRC): Karl Witt , SVP Operations East/Gulf Coast of Mrc Global Inc. purchased 1,740 shares on May 6, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.15 per share for a total value of $24,621.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Gerard Pieter Krans (director) sold 33,750 shares at $14.80 per share price.On Aug 14, 2015, Scott Alan Hutchinson (SVP – North America Operations) purchased 1,000 shares at $12.42 per share price.Also, On Aug 12, 2015, Rhys J Best (director) purchased 10,000 shares at $12.38 per share price.On Aug 10, 2015, Rory M Isaac (SVP – Business Development) purchased 2,000 shares at $12.32 per share price.

MRC Global Inc: On Friday, May 6, 2016 heightened volatility was witnessed in MRC Global Inc which led to swings in the share price. The shares opened for trading at $13.88 and hit $14.33 on the upside , eventually ending the session at $14.05, with a gain of 0.21% or 0.03 points. The heightened volatility saw the trading volume jump to 13,44,474 shares. The 52-week high of the share price is $16.845 and the company has a market cap of $1,386 M . The 52-week low of the share price is at $8.5.

MRC Global Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.MRC Global Inc is Downgraded by Longbow to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 25, 2016.MRC Global Inc is Downgraded by CapitalOne to Equal Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Feb 25, 2016.

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 230000 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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