Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MasterBrand Inc shares valued at $280,553 were sold by HACKETT ANN F on Sep 11 ’24. At $15.95 per share, HACKETT ANN F sold 17,589 shares. The insider’s holdings dropped to 45,520 shares worth approximately $0.73 million following the completion of this transaction.
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Also, HACKETT ANN F sold 502 shares, netting a total of over 8,027 in proceeds. Following the sale of shares at $15.99 each, the insider now holds 63,109 shares.
Before that, Ann Fritz Hackett had added 17,589 shares to its account. In a trade valued at $280,440, the Officer bought MasterBrand Inc shares for $15.94 each.
As published in a research note from Loop Capital on May 10, 2023, MasterBrand Inc [MBC] has been rated up from a Hold to a Buy and the price target has been revised to $13 from $9.
Analyzing MBC Stock Performance
During the last five days, there has been a surge of approximately 0.13%. Over the course of the year, MasterBrand Inc shares have jumped approximately 7.41%. Shares of the company reached a 52-week high of $19.07 on 03/28/24 and a 52-week low of $13.37 on 02/05/24. A 50-day SMA is recorded $15.98, while a 200-day SMA reached $15.94. Nevertheless, trading volume fell to 0.51 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for MasterBrand Inc (MBC)
According to the 24-hour chart, there is a support level at 15.80, which, if violated, would cause prices to drop to 15.65. In the upper region, resistance lies at 16.07. The next price resistance is at 16.19. RSI (Relative Strength Index) is 51.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 57.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
