MasterBrand Inc’s recent filing unveils that its VP, Chief Accounting Officer Young Mark A. unloaded Company’s shares for reported $77003.0 on Sep 13 ’24. In the deal valued at $16.33 per share,4,715 shares were sold. As a result of this transaction, Young Mark A. now holds 45,148 shares worth roughly $0.83 million.
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Then, Mark Young bought 4,715 shares, generating $76,995 in total proceeds.
Before that, HACKETT ANN F sold 17,589 shares. MasterBrand Inc shares valued at $280,553 were divested by the Director at a price of $15.95 per share. As a result of the transaction, HACKETT ANN F now holds 45,520 shares, worth roughly $0.84 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 Tuesday, MasterBrand Inc [NYSE:MBC] saw its stock jump 4.14% to $18.37. Over the last five days, the stock has gained 1.77%. MasterBrand Inc shares have risen nearly 23.70% since the year began. Nevertheless, the stocks have risen 55.94% over the past one year. While a 52-week high of $19.31 was reached on 10/18/24, a 52-week low of $11.38 was recorded on 02/05/24. SMA at 50 days reached $17.50, while 200 days put it at $16.60.
Levels Of Support And Resistance For MBC Stock
The 24-hour chart illustrates a support level at 17.73, which if violated will result in even more drops to 17.09. On the upside, there is a resistance level at 18.72. A further resistance level may holdings at 19.07. The Relative Strength Index (RSI) on the 14-day chart is 54.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.27%. Stochastics %K at 21.89% 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 2024-10-15, dropping by -0.37 million shares to a total of 3.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.72 million shares. There was a decline of -10.97%, which implies that there is a negative sentiment for the stock.
