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MBC (MasterBrand Inc) may reap gains as insiders became active recently

MasterBrand Inc’s recently made public that its Director Crisci Robert acquired Company’s shares for reported $0.31 million on Aug 09 ’24. In the deal valued at $15.39 per share,20,000 shares were bought. As a result of this transaction, Crisci Robert now holds 46,435 shares worth roughly $0.74 million.

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Loop Capital upgraded its MasterBrand Inc [MBC] rating to a Buy from a a Hold in a research note published on May 10, 2023; the price target was increased to $13 from $9.

Price Performance Review of MBC

On Friday, MasterBrand Inc [NYSE:MBC] saw its stock jump 1.71% to $16.04. Over the last five days, the stock has lost -3.32%. MasterBrand Inc shares have risen nearly 8.01% since the year began. Nevertheless, the stocks have risen 25.21% over the past one year. While a 52-week high of $19.07 was reached on 03/28/24, a 52-week low of $10.53 was recorded on 02/05/24. SMA at 50 days reached $15.80, while 200 days put it at $15.83.

Levels Of Support And Resistance For MBC Stock

The 24-hour chart illustrates a support level at 15.80, which if violated will result in even more drops to 15.56. On the upside, there is a resistance level at 16.17. A further resistance level may holdings at 16.30. The Relative Strength Index (RSI) on the 14-day chart is 51.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.15%. Stochastics %K at 53.58% indicates the stock is a holding.

How much short interest is there in MasterBrand Inc?

A steep rise in short interest was recorded in MasterBrand Inc stocks on 2024-08-15, dropping by -0.29 million shares to a total of 3.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.29 million shares. There was a decline of -9.78%, which implies that there is a negative sentiment for the stock.

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