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Weakness Seen in MRC Global (MRC): Stock Tumbles 6.8%

MRC Global Inc. (MRC) saw a big move last session, as the company’s shares fell by almost 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MRC, as the stock is now down almost 20% since Nov 24, 2014.

Although this slump was obviously disappointing, the pipe, valve and related fittings distributing company has seen 7 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for MRC. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

MRC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better-ranked stocks in the same sector include Mercer International Inc. (MERC), Minerals Technologies Inc. (MTX) and Taminco Corporation (TAM). All these stocks hold a Zacks Rank #1 (Strong Buy).

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MRC GLOBAL INC (MRC): Free Stock Analysis Report

TAMINCO CORP (TAM): Free Stock Analysis Report

MINERALS TECH INC (MTX): Free Stock Analysis Report

MERCER INTERNATIONAL INC (MERC): Free Stock Analysis Report


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