Mercer International Jumps to New 52-Week High

Mercer International Inc. (MERC) is trading up more than 10% to $7.03. The stock is pushing to fresh highs as it lifts and breaks its November-8 range high near the $7.00 area. There is no resistance in this vicinity and the equity could print the tape higher over the near-term if the bulls can sustain the buying.

The equity continues to see a huge volume; more than 500,000 shares have already traded hands compared to a daily average of around 238K.

MERC shares have traded between $2.35 and $7.00 over the last 52 weeks. The security gained $0.64, or 10.06 percent, to $7.00 at 2:35 p.m. EST in Nasdaq composite trading.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.