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Trader’s Buzzers: MRC Global Inc. (MRC), Akamai Technologies, Inc. (AKAM), HEALTHSOUTH Corp. (HLS)

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MRC Global Inc. (MRC) traded within a range of $13.68 to $15.59 after opening the day at $14.56. The company has seen its stock increase in value by 13.02% so far this year. The stock was up close to 2.68% on active volume in last trading session and closed at $14.58 per share. After the recent gain, the stock is currently holding -14.79% below its 52 week high of $17.11 and 71.53% above its 12-month low of $8.5. The shares are down by over -0.07% in the last three months, and the RSI indicator value of 37.12 is neither bullish nor bearish, tempting investors to stay on the sidelines.

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as steam and instrumentation products. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel and alloy pipes and fittings; carbon line pipes; and oil country tubular goods, which include casings and tubing pipes. In addition, it offers natural gas distribution products, including risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment; and specialized production equipment comprising meter runs, tanks, and separators. Further, the company provides various services, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging, and system interfaces. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.

Akamai Technologies, Inc. (AKAM) continued its downward trend with the stock declining -1.07% or $-0.71 to close the day at $65.81 on active trading volume of 3.09M shares, compared to its three month average trading volume of 2.26M. The Cambridge Massachusetts 02142 based company has been outperforming the internet information providers group over the past 52 weeks, with the stock gaining 6.66%, compared to the industry which has advanced 2.5% over the same period. With RSI of 67.98, the stock should still continue to rise and get closer to its one year target estimate of $66, making it a hold for now.

Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers performance and security solutions designed to help Websites and business applications operate while offering protection against security threats. It also provides media content delivery solutions that are designed to deliver movies, television shows, live events, games, social media, software downloads, and other content on the Internet in fixed line and mobile networks; adaptive delivery solutions for streaming video content; and download delivery solution that offers accelerated distribution for large file downloads, including games, progressive media files, documents, and other file-based content. In addition, the company offers a suite of analytics tools to monitor online video viewer experiences and the effectiveness of Web software downloads, while measuring audience engagement, and quality of service performance; and NetStorage, a cloud storage solution, as well as media services to deliver live and on-demand content to various devices and platforms. Further, it provides cloud security solutions, which help customers avoid data theft and downtime, and protect Internet-facing infrastructure; and cloud networking solutions to help customers enhance enterprise branch office and retail store productivity and revenue by accelerating applications, reducing bandwidth costs, and extending the Internet and public clouds into private wide area networks. Additionally, the company offers network operator solutions that are designed to help carriers to operate a network that capitalizes on traffic growth and new subscriber services; and professional services and solutions. It sells its solutions through direct sales and service organization; and through active channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.

HEALTHSOUTH Corp. (HLS) dropped $-0.16 to close the day at a new closing price of $40.29, a -0.4% decrease in value from its previous closing price that moved the stock 35.58% above its 52 week low of $30.26. A total of 3.08M shares exchanged hands during the day compared with its three month average trading volume of 942.39K. The stock, which fluctuated between $39.62 and $40.51 during the day, currently situated -6.58% below its 52 week high. The stock is down by -0.69% in the past one month and down by -3.71% over the past three months. With a one year target estimate of $46.44 and RSI of 50.86, the stock still has upside potential, making it a hold for now.

HealthSouth Corporation owns and operates inpatient rehabilitation hospitals, home health agencies, and hospice agencies in the United States. The company provides specialized rehabilitative treatment on an inpatient and outpatient basis. Its inpatient rehabilitation hospitals offer specialized rehabilitative care services to patients in various disabilities or injuries due to medical conditions, such as strokes, hip fractures, and various debilitating neurological conditions. The company also provides facility-based and home-based post-acute services. As of December 31, 2015, it operated 121 inpatient rehabilitation hospitals in 29 states and Puerto Rico; and managed 3 inpatient rehabilitation units through management contracts. The company was founded in 1983 and is headquartered in Birmingham, Alabama.

 

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