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An Analysis of Masonite International Corp (DOOR)’s Potential Price Growth

Masonite International Corp’s recently made public that its President, Global Residential Ball Christopher O unloaded Company’s shares for reported $51504.0 on Feb 27 ’24. In the deal valued at $130.06 per share,396 shares were sold. As a result of this transaction, Ball Christopher O now holds 13,263 shares worth roughly $1.76 million.

Then, Pelletier James C sold 262 shares, generating $34,076 in total proceeds. Upon selling the shares at $130.06, the SVP, GC & Corporate Secretary now owns 12,739 shares.

Before that, Shellabarger Catherine Anne sold 83 shares. Masonite International Corp shares valued at $10,795 were divested by the VP & Chief Accounting Officer at a price of $130.06 per share. As a result of the transaction, Shellabarger Catherine Anne now holds 4,968 shares, worth roughly $0.66 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. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Neutral”. Wedbush also remained covering DOOR and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Stephens revised its rating on November 09, 2023. It rated DOOR as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of DOOR

On Tuesday, Masonite International Corp [NYSE:DOOR] saw its stock fall -0.02% to $132.55. Over the last five days, the stock has gained 0.97%. Masonite International Corp shares have risen nearly 56.57% since the year began. Nevertheless, the stocks have risen 45.01% over the past one year. While a 52-week high of $132.85 was reached on 04/29/24, a 52-week low of $76.87 was recorded on 01/02/24. SMA at 50 days reached $130.94, while 200 days put it at $103.25. A total of 0.29 million shares were traded, compared to the trading of 0.87 million shares in the previous session.

Levels Of Support And Resistance For DOOR Stock

The 24-hour chart illustrates a support level at 132.50, which if violated will result in even more drops to 132.46. On the upside, there is a resistance level at 132.64. A further resistance level may holdings at 132.74. The Relative Strength Index (RSI) on the 14-day chart is 74.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.96%. Stochastics %K at 89.72% indicates the stock is a selling.

The most recent change occurred on May 10, 2023 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $105.

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