The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Matador Resources Company shares valued at $10,302 were purchased by Ehrman Monika U on May 04. At $51.51 per share, Ehrman Monika U acquired 200 shares. The insider’s holdings grew to 27,963 shares worth approximately $1.91 million following the completion of this transaction.
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Also, Macalik Robert T purchased 1,500 shares, netting a total of over 53,250 in proceeds. Following the buying of shares at $35.50 each, the insider now holds 28,675 shares.
Before that, Adams Craig N had added 2,000 shares to its account. In a trade valued at $71,100, the EVP, COO – Land, Legal & Admin bought Matador Resources Company shares for $35.55 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $11.63 million.
Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of November 19, 2021, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for MTDR. Earlier on October 28, 2021, CapitalOne downgraded its rating. Their new recommendation was “an Equal weight” for MTDR stock which previously was a “an Overweight”.
Analyzing MTDR Stock Performance
On Thursday, Matador Resources Company [NYSE: MTDR] rose 1.65% to $68.48. The stock’s lowest price that day was $66.04, but it reached a high of $69.45 in the same session. During the last five days, there has been a surge of approximately 3.69%. Over the course of the year, Matador Resources Company shares have jumped approximately 85.48%. Shares of the company reached a 52-week high of $70.75 on 10/26/22 and a 52-week low of $37.01 on 01/03/22. A 50-day SMA is recorded $59.63, while a 200-day SMA reached $53.86. Nevertheless, trading volume fell to 1.01 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Matador Resources Company (MTDR)
According to the 24-hour chart, there is a support level at 66.53, which, if violated, would cause prices to drop to 64.58. In the upper region, resistance lies at 69.94. The next price resistance is at 71.40. RSI (Relative Strength Index) is 63.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.93, which suggests the price will increase in the coming days. Percent R is at 23.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Matador Resources Company subject to short interest?
Stocks of Matador Resources Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.15 million shares to 9.03 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.88 million shares. A jump of 1.66% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.19 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.19.
Which companies own the most shares of Matador Resources Company (MTDR)?
According to BlackRock Fund Advisors filings, the company currently owns 11,622,055 shares, which is about 9.84% of the total MTDR shares outstanding. The investor’s shares have plunged by -4,475,510 from its previous 13-F filing of 16097565.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $535,229,317. Dimensional Fund Advisors LP reduced a -8.39% interest valued at $270.05 million while SSgA Funds Management, Inc. sold a -668,067 stake. A total of 135,179 shares of Matador Resources Company were sold by T. Rowe Price Associates, Inc. during the quarter, and -185,335 were sold by AllianceBernstein LP. In its current portfolio, Silvercrest Asset Management Grou holds 3,939,882 shares valued at $192.74 million.