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MRC Global (MRC) Surges: Stock Moves 12.7% Higher

MRC Global Inc. MRC was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 54.6% in the past one-month time frame.

The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

MRC Global currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

MRC Global Inc. Price

MRC Global Inc. Price
MRC Global Inc. Price

MRC Global Inc. price | MRC Global Inc. Quote

Investors interested in the Industrial Products sector may consider Sharps Compliance Corp. SMED, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MRC going up? Or down? Predict to see what others think:Up or Down

The Hottest Tech Mega-Trend of All
 
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
 
See Zacks' 3 Best Stocks to Play This Trend >>


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Sharps Compliance Corp (SMED) : Free Stock Analysis Report
 
MRC Global Inc. (MRC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

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