The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MasterCraft Boat Holdings Inc shares valued at $555,672 were purchased by Coliseum Capital Management, L on Apr 22 ’24. At $21.34 per share, Coliseum Capital Management, L acquired 26,039 shares. The insider’s holdings grew to 2,357,406 shares worth approximately $46.65 million following the completion of this transaction.
Also, Coliseum Capital Management, L purchased 107,083 shares, netting a total of over 2,228,397 in proceeds. Following the buying of shares at $20.81 each, the insider now holds 2,331,367 shares.
Before that, Coliseum Capital Management, L had added 60,000 shares to its account. In a trade valued at $1,310,400, the 10% Owner bought MasterCraft Boat Holdings Inc shares for $21.84 each. Upon closing the transaction, the insider’s holdings increased to 60,000 shares, worth approximately $44.02 million.
As published in a research note from B. Riley Securities on August 31, 2023, MasterCraft Boat Holdings Inc [MCFT] has been rated down from a Buy to a Neutral and the price target has been revised to $23 from $37. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of April 19, 2023, KeyBanc Capital Markets has initiated its “Sector weight” rating for MCFT. Earlier on August 19, 2022, Stifel initiated its rating. Their recommendation was “a Buy” for MCFT stock.
Analyzing MCFT Stock Performance
During the last five days, there has been a drop of approximately -0.90%. Over the course of the year, MasterCraft Boat Holdings Inc shares have dropped approximately -12.59%. Shares of the company reached a 52-week high of $24.05 on 04/01/24 and a 52-week low of $18.01 on 05/08/24. A 50-day SMA is recorded $21.58, while a 200-day SMA reached $22.25. Nevertheless, trading volume fell to 0.54 million shares from 85100.0 shares the previous day.
Support And Resistance Levels for MasterCraft Boat Holdings Inc (MCFT)
According to the 24-hour chart, there is a support level at 18.48, which, if violated, would cause prices to drop to 17.18. In the upper region, resistance lies at 20.62. The next price resistance is at 21.46. RSI (Relative Strength Index) is 35.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 55.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
