MRC Global (MRC) Shares are Down -7.86%

MRC Global (MRC) : During the past 4 weeks, traders have been relatively bearish on MRC Global (MRC), hence the stock is down -11.47% 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 -8.42% relative to the S&P 500. The 4-week change in the price of the stock is -5.49% and the stock has fallen -7.86% in the past 1 week.

MRC Global (NYSE:MRC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.22 and $12.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.25, notching a gain of 0.23% for the day. The total traded volume was 877,939 . The stock had closed at $13.22 on the previous day.


The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 5.39%. MRC Global Inc. has dropped 7.15% during the last 3-month period . Year-to-Date the stock performance stands at 2.71%.

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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