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Investing in Monro Inc (MNRO): What You Must Know

In a filing, Monro Inc revealed its CEO & President Broderick Michael T acquired Company’s shares for reported $0.16 million on Feb 02 ’24. In the deal valued at $32.30 per share,5,000 shares were bought. As a result of this transaction, Broderick Michael T now holds 90,487 shares worth roughly $2.51 million.

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Then, Broderick Michael T bought 10,000 shares, generating $350,260 in total proceeds. Upon buying the shares at $35.03, the CEO & President now owns 85,487 shares.

Wells Fargo initiated its Monro Inc [MNRO] rating to an Equal weight in a research note published on September 07, 2023; the price target was $35. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late September with a ‘”a Peer perform”‘ rating. Guggenheim also remained covering MNRO and has decreased its forecast on May 29, 2020 with a “Neutral” recommendation from previously “Buy” rating. Guggenheim revised its rating on December 10, 2019. It rated MNRO as “a Buy” which previously was an “a Neutral”.

Price Performance Review of MNRO

On Tuesday, Monro Inc [NASDAQ:MNRO] saw its stock jump 2.62% to $27.79. Over the last five days, the stock has gained 5.87%. Monro Inc shares have fallen nearly -5.28% since the year began. Nevertheless, the stocks have fallen -43.45% over the past one year. While a 52-week high of $49.35 was reached on 02/29/24, a 52-week low of $22.72 was recorded on 05/08/24. SMA at 50 days reached $29.49, while 200 days put it at $30.01. A total of 0.53 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For MNRO Stock

The 24-hour chart illustrates a support level at 27.23, which if violated will result in even more drops to 26.66. On the upside, there is a resistance level at 28.20. A further resistance level may holdings at 28.61. The Relative Strength Index (RSI) on the 14-day chart is 47.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.24%. Stochastics %K at 37.08% indicates the stock is a holding.

The most recent change occurred on August 09, 2019 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $90 price target.

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