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MBC stock rated a Buy by Loop Capital

MasterBrand Inc’s recently made public that its Officer Mark Young acquired Company’s shares for reported $76995.0 on Sep 13 ’24. In the deal valued at $16.33 per share,4,715 shares were bought.

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Then, HACKETT ANN F sold 17,589 shares, generating $280,553 in total proceeds. Upon selling the shares at $15.95, the Director now owns 45,520 shares.

Before that, HACKETT ANN F sold 502 shares. MasterBrand Inc shares valued at $8,027 were divested by the Director at a price of $15.99 per share. As a result of the transaction, HACKETT ANN F now holds 63,109 shares, worth roughly $1.07 million.

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 jump 1.87% to $16.90. Over the last five days, the stock has gained 8.89%. MasterBrand Inc shares have risen nearly 13.80% since the year began. Nevertheless, the stocks have risen 41.66% 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 $16.07, while 200 days put it at $15.97.

Levels Of Support And Resistance For MBC Stock

The 24-hour chart illustrates a support level at 16.57, which if violated will result in even more drops to 16.25. On the upside, there is a resistance level at 17.10. A further resistance level may holdings at 17.31. The Relative Strength Index (RSI) on the 14-day chart is 61.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.62%. Stochastics %K at 73.00% 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 2024-08-30, growing by 0.53 million shares to a total of 3.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.92 million shares. There was a rise of 15.29%, which implies that there is a positive sentiment for the stock.

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