MCY Lags Industry, Trades at a Discount: What Should Investors Do Now?
Shares of Mercury General Corporation (MCY) have lost 1.8% in the past year against the industry, the Finance sector and the Zacks S&P 500 composite’s growth of 27.7%, 14.3% and 6.7%, respectively. The insurer has a market capitalization of $2.90 billion. The average volume of shares traded in the last three months was 0.7 million.MCY shares are trading below the 50-day moving average, indicating a bearish trend.MCY vs. Industry, Sector, S&P in One YearImage Source: Zacks Investment ResearchMCY Shares are A ...