Is it Time to Dump MRC Global Inc (MRC) Stock After it Is Up 4.90% in a Week?

MRC Global Inc (MRC) stock is up 4.90% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

MRC Global Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MRC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MRC Stock Today?

MRC Global Inc (MRC) stock is trading at $10.49 as of 10:45 AM on Monday, Oct 16, a rise of $0.48, or 4.8% from the previous closing price of $10.01. The stock has traded between $10.33 and $10.60 so far today. Volume today is light. So far 161,079 shares have traded compared to average volume of 697,636 shares. To see InvestorsObserver's Sentiment Score for MRC Global Inc click here.

More About MRC Global Inc

MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship. Click Here to get the full Stock Report for MRC Global Inc stock.