MRC Global (MRC) Shares are Up 8.01%

MRC Global (MRC) has been under a strong bear grip, hence the stock is down -0.55% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 7.55% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.01% in the last 1 week, and is up 1.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

MRC Global (NYSE:MRC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.70 and $13.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.29, notching a gain of 4.92% for the day. The total traded volume was 1,683,079 . The stock had closed at $13.62 on the previous day.

The stock has recorded a 20-day Moving Average of 5.52% and the 50-Day Moving Average is 2.97%. MRC Global Inc. is up 1.71% in the last 3-month period. Year-to-Date the stock performance stands at 10.78%.

MRC Global (MRC) : Average target price received by MRC Global (MRC) is $16.33 with an expected standard deviation of $1.86. The most aggressive target on the stock is $18, whereas the most downbeat target is $13. 6 financial analysts are currently covering the stock.


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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