Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MasterBrand Inc shares valued at $76,995 were purchased by Mark Young on Sep 13 ’24. At $16.33 per share, Mark Young acquired 4,715 shares.
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Also, HACKETT ANN F sold 17,589 shares, netting a total of over 280,553 in proceeds. Following the sale of shares at $15.95 each, the insider now holds 45,520 shares.
Before that, HACKETT ANN F had sold 502 shares from its account. In a trade valued at $8,027, the Director traded MasterBrand Inc shares for $15.99 each. Upon closing the transaction, the insider’s holdings decreased to 502 shares, worth approximately $1.12 million.
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 11.82%. Over the course of the year, MasterBrand Inc shares have jumped approximately 19.80%. 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 $16.21, while a 200-day SMA reached $16.01. Nevertheless, trading volume fell to 1.52 million shares from 0.59 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 17.30, which, if violated, would cause prices to drop to 16.80. In the upper region, resistance lies at 18.20. The next price resistance is at 18.60. RSI (Relative Strength Index) is 68.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.15, which suggests the price will increase in the coming days. Percent R is at 11.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
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