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MasterBrand Inc (MBC) rating upgrades by Loop Capital

MasterBrand Inc’s recently made public that its Officer Ann Fritz Hackett acquired Company’s shares for reported $7922.0 on Sep 09 ’24. In the deal valued at $15.78 per share,502 shares were bought.

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Then, Crisci Robert bought 20,000 shares, generating $307,726 in total proceeds. Upon buying the shares at $15.39, the Director now owns 46,435 shares.

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 Monday, MasterBrand Inc [NYSE:MBC] saw its stock fall -1.83% to $15.52. Over the last five days, the stock has lost -3.24%. MasterBrand Inc shares have risen nearly 4.51% since the year began. Nevertheless, the stocks have risen 26.08% 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 $15.91, while 200 days put it at $15.90.

Levels Of Support And Resistance For MBC Stock

The 24-hour chart illustrates a support level at 15.27, which if violated will result in even more drops to 15.03. On the upside, there is a resistance level at 15.89. A further resistance level may holdings at 16.27. The Relative Strength Index (RSI) on the 14-day chart is 46.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.34%. Stochastics %K at 27.43% 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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