In a filing, MasterBrand Inc revealed 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 $0.75 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 $0.76 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 fall -1.13% to $16.60. Over the last five days, the stock has lost -1.01%. MasterBrand Inc shares have risen nearly 11.78% since the year began. Nevertheless, the stocks have risen 26.52% over the past one year. While a 52-week high of $20.67 was reached on 11/06/24, a 52-week low of $12.86 was recorded on 02/05/24. SMA at 50 days reached $17.76, while 200 days put it at $16.74.
Levels Of Support And Resistance For MBC Stock
The 24-hour chart illustrates a support level at 16.44, which if violated will result in even more drops to 16.28. On the upside, there is a resistance level at 16.71. A further resistance level may holdings at 16.82. The Relative Strength Index (RSI) on the 14-day chart is 38.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.09%. Stochastics %K at 4.31% indicates the stock is a buying.
How much short interest is there in MasterBrand Inc?
A steep rise in short interest was recorded in MasterBrand Inc stocks on 2024-10-31, growing by 0.16 million shares to a total of 3.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.4 million shares. There was a rise of 4.55%, which implies that there is a positive sentiment for the stock.
