MRC Global is a global distributor of pipes, valves, fittings, and related products and services to the energy industry. They serve customers in various sectors, including oil and gas, chemical, and power generation. With a vast network of suppliers and a focus on providing reliable solutions, MRC Global aims to support the operational needs of its customers and contribute to the success of the energy industry.

The stock of MRC Global is currently trading in a sideways trend, indicating a period of consolidation and indecision among market participants. This sideways movement suggests that neither the buyers nor the sellers have gained control over the stock's direction. 

Traders and investors may interpret this as a potential pause in the stock's previous trend or a period of accumulation before a potential breakout or breakdown. It is important to closely monitor the price action and key support and resistance levels to identify any potential shifts in the stock's trend.