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CEO & President Broderick Michael T acquired 5,000 shares of Monro Inc [MNRO]

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Monro Inc shares valued at $161,490 were purchased by Broderick Michael T on Feb 02 ’24. At $32.30 per share, Broderick Michael T acquired 5,000 shares. The insider’s holdings grew to 90,487 shares worth approximately $2.11 million following the completion of this transaction.

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Also, Broderick Michael T purchased 10,000 shares, netting a total of over 350,260 in proceeds. Following the buying of shares at $35.03 each, the insider now holds 85,487 shares.

As published in their initiating research note from Wells Fargo on September 07, 2023, Monro Inc [MNRO] has been an Equal weight and the price target has been revised to $35. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in late September. As of May 29, 2020, Guggenheim has decreased its “Buy” rating to a “Neutral” for MNRO. Earlier on December 10, 2019, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for MNRO stock which previously was a “a Neutral”.

Analyzing MNRO Stock Performance

During the last five days, there has been a surge of approximately 0.43%. Over the course of the year, Monro Inc shares have dropped approximately -20.52%. Shares of the company reached a 52-week high of $33.98 on 02/29/24 and a 52-week low of $22.35 on 05/29/24. A 50-day SMA is recorded $25.34, while a 200-day SMA reached $28.46. Nevertheless, trading volume fell to 0.19 million shares from 0.43 million shares the previous day.

Support And Resistance Levels for Monro Inc (MNRO)

According to the 24-hour chart, there is a support level at 22.78, which, if violated, would cause prices to drop to 22.56. In the upper region, resistance lies at 23.38. The next price resistance is at 23.76. RSI (Relative Strength Index) is 42.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 81.34%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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