Examining the Potential Price Growth of Granite Ridge Resources Inc. (GRNT)

CHWY Stock
CHWY Stock

Granite Ridge Resources Inc.’s filing revealed that its Director Darden Thaddeus acquired Company’s shares for reported $18420.0 on Jun 09. In the deal valued at $6.14 per share,3,000 shares were bought. As a result of this transaction, Darden Thaddeus now holds 138,259 shares worth roughly $ 1.06 million.

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Then, MCCARTNEY JOHN bought 1,000 shares, generating $6,200 in total proceeds. Upon buying the shares at $6.20, the Director now owns 24,564 shares.

Before that, MCCARTNEY JOHN bought 1,000 shares. Granite Ridge Resources Inc. shares valued at $5,950 were divested by the Director at a price of $5.95 per share. As a result of the transaction, MCCARTNEY JOHN now holds 23,564 shares, worth roughly $0.18 million.

Price Performance Review of GRNT

On Friday, Granite Ridge Resources Inc. [NYSE:GRNT] saw its stock jump 3.51% to $7.66. On the same session, the stock had its day’s lowest price of $7.37, but rose to a high of $7.85. Over the last five days, the stock has lost -4.37%. Granite Ridge Resources Inc. shares have fallen nearly -15.17% since the year began. Nevertheless, the stocks have fallen -23.17% over the past one year. SMA at 50 days reached $7.20, while 200 days put it at $6.99. A total of 1.1 million shares were traded, compared to the trading of 0.53 million shares in the previous session.

Levels Of Support And Resistance For GRNT Stock

The 24-hour chart illustrates a support level at 7.40, which if violated will result in even more drops to 7.15. On the upside, there is a resistance level at 7.88. A further resistance level may holdings at 8.11. The Relative Strength Index (RSI) on the 14-day chart is 52.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.12%. Stochastics %K at 42.19% indicates the stock is a holding.

How much short interest is there in Granite Ridge Resources Inc.?

A steep rise in short interest was recorded in Granite Ridge Resources Inc. stocks on Aug 14, 2023, dropping by 44590.0 shares to a total of 0.64 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.68 million shares. There was a decline of -7.01%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.3.

Granite Ridge Resources Inc. [GRNT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 1,310,147 shares, or roughly 0.99% of the outstanding GRNT shares. In other words, the investor’s shares have risen by 1,139,047 from its previous 13-F filing of 171100.0. Additionally, BlackRock Fund Advisors increased 550.84% of its stake after which the total value it holdings stand at $8,943,190, while Zazove Associates LLC added 885.22% of its stake to hold $7.61 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 238,793 shares of Granite Ridge Resources Inc., while SSgA Funds Management, Inc. bought 338,493 shares. At present, Lumyna Investments Ltd. is holding 330,955 shares valued at $2.41 million. HighTower Advisors LLC owned 215,518 shares of the company at the time of its most recent 13F filing, worth $1.57 million.


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