Malibu Boats Inc’s recent filing unveils that its Director Lanigan Mark W. acquired Company’s shares for reported $0.67 million on May 06 ’24. In the deal valued at $33.43 per share,20,000 shares were bought. As a result of this transaction, Lanigan Mark W. now holds 73,368 shares worth roughly $2.53 million.
Then, Hooks Michael K. bought 12,500 shares, generating $535,250 in total proceeds. Upon buying the shares at $42.82, the Executive Chair now owns 12,500 shares.
Before that, Black David Scott sold 631 shares. Malibu Boats Inc shares valued at $27,385 were divested by the Interim CFO at a price of $43.40 per share. As a result of the transaction, Black David Scott now holds 3,162 shares, worth roughly $0.11 million.
Raymond James downgraded its Malibu Boats Inc [MBUU] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. KeyBanc Capital Markets began covering MBUU with “an Overweight” recommendation on April 19, 2023. DA Davidson started covering the stock on September 30, 2022. It rated MBUU as “a Neutral”.
Price Performance Review of MBUU
On Tuesday, Malibu Boats Inc [NASDAQ:MBUU] saw its stock jump 0.61% to $34.45. Over the last five days, the stock has gained 1.26%. Malibu Boats Inc shares have fallen nearly -37.16% since the year began. Nevertheless, the stocks have fallen -40.09% over the past one year. While a 52-week high of $62.36 was reached on 01/02/24, a 52-week low of $31.47 was recorded on 05/02/24. SMA at 50 days reached $39.07, while 200 days put it at $47.02. A total of 0.37 million shares were traded, compared to the trading of 0.54 million shares in the previous session.
Levels Of Support And Resistance For MBUU Stock
The 24-hour chart illustrates a support level at 34.17, which if violated will result in even more drops to 33.88. On the upside, there is a resistance level at 34.61. A further resistance level may holdings at 34.76. The Relative Strength Index (RSI) on the 14-day chart is 41.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.03%. Stochastics %K at 59.57% indicates the stock is a holding.
The most recent change occurred on September 30, 2021 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $81 price target.
