Masonite International Corp [DOOR] Investment Guide: What You Need to Know

Masonite International Corp’s recent filing unveils that its Director Steinfeld Jay Ira acquired Company’s shares for reported $49182.0 on Nov 10. In the deal valued at $81.97 per share,600 shares were bought. As a result of this transaction, Steinfeld Jay Ira now holds 6,217 shares worth roughly $0.81 million.

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Then, Shellabarger Catherine Anne sold 803 shares, generating $75,080 in total proceeds. Upon selling the shares at $93.50, the VP & Chief Accounting Officer now owns 3,769 shares.

Before that, Legall Alexander Albert sold 1,700 shares. Masonite International Corp shares valued at $156,417 were divested by the insider at a price of $92.01 per share. As a result of the transaction, Legall Alexander Albert now holds 3,257 shares, worth roughly $0.43 million.

Oppenheimer initiated its Masonite International Corp [DOOR] rating to an Outperform in a research note published on January 19, 2024; the price target was $115.

Price Performance Review of DOOR

On Friday, Masonite International Corp [NYSE:DOOR] saw its stock jump 35.09% to $130.51. Over the last five days, the stock has gained 40.24%. Masonite International Corp shares have risen nearly 54.16% since the year began. Nevertheless, the stocks have risen 41.28% over the past one year. While a 52-week high of $109.58 was reached on 02/09/24, a 52-week low of $76.87 was recorded on 01/02/24. SMA at 50 days reached $90.87, while 200 days put it at $93.62. A total of 5.09 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For DOOR Stock

The 24-hour chart illustrates a support level at 129.85, which if violated will result in even more drops to 129.19. On the upside, there is a resistance level at 130.92. A further resistance level may holdings at 131.33. The Relative Strength Index (RSI) on the 14-day chart is 86.07, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.38%. Stochastics %K at 97.97% indicates the stock is a selling.

How much short interest is there in Masonite International Corp?

A steep rise in short interest was recorded in Masonite International Corp stocks on Jan 31, 2024, dropping by 36510.0 shares to a total of 0.32 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 0.35 million shares. There was a decline of -11.49%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.64% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.68.

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