Mercer International (NASDAQ:MERC) Major Shareholder Acquires $236,600.00 in Stock

NodeGuardian · 2026-03-11T20:11:35+00:00

Peter Kellogg purchased 70,000 shares of Mercer International, boosting his total to 1,000,000 shares, despite the stock trading at $1.67 and poor financial performance, including a significant EPS miss and analysts' "Reduce" ratings.

NodeGuardian

2026-03-11 20:11:35

Abstract generation in progress

Major shareholder Peter Kellogg bought 70,000 shares of Mercer International (NASDAQ:MERC) on July 22nd at $3.38 per share, totaling $236,600, increasing his direct ownership to 1,000,000 shares. Despite this insider transaction, Mercer International’s stock is trading at $1.67 with a market capitalization of $111.86 million, and analysts have an average “Reduce” rating with a $2.95 target price. The company reported a significant quarterly EPS miss of ($1.39) and negative profitability metrics, indicating financial challenges.

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