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 $77,003 were sold by Young Mark A. on Sep 13 ’24. At $16.33 per share, Young Mark A. sold 4,715 shares. The insider’s holdings dropped to 45,148 shares worth approximately $0.67 million following the completion of this transaction.
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Also, Mark Young purchased 4,715 shares, netting a total of over 76,995 in proceeds.
Before that, HACKETT ANN F had sold 17,589 shares from its account. In a trade valued at $280,553, the Director traded MasterBrand Inc shares for $15.95 each. Upon closing the transaction, the insider’s holdings decreased to 17,589 shares, worth approximately $0.68 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 drop of approximately -9.56%. Over the course of the year, MasterBrand Inc shares have jumped approximately 0.61%. Shares of the company reached a 52-week high of $20.67 on 11/06/24 and a 52-week low of $13.37 on 02/05/24. A 50-day SMA is recorded $17.38, while a 200-day SMA reached $16.86. Nevertheless, trading volume fell to 1.18 million shares from 1.11 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 14.44, which, if violated, would cause prices to drop to 13.93. In the upper region, resistance lies at 15.85. The next price resistance is at 16.75. RSI (Relative Strength Index) is 26.06 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 96.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
