Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Matador Resources Co shares valued at $26,490 were purchased by Appel Shelley F on Dec 13 ’23. At $52.98 per share, Appel Shelley F acquired 500 shares. The insider’s holdings grew to 54,708 shares worth approximately $3.57 million following the completion of this transaction.
Also, PARKER TIMOTHY E. purchased 5,000 shares, netting a total of over 260,650 in proceeds. Following the buying of shares at $52.13 each, the insider now holds 79,257 shares.
Before that, Ehrman Monika U had added 200 shares to its account. In a trade valued at $10,446, the Director bought Matador Resources Co shares for $52.23 each. Upon closing the transaction, the insider’s holdings increased to 200 shares, worth approximately $2.17 million.
As published in their initiating research note from Wells Fargo on November 15, 2023, Matador Resources Co [MTDR] has been an Overweight and the price target has been revised to $73. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of January 10, 2023, Mizuho has initiated its “Neutral” rating for MTDR.
Analyzing MTDR Stock Performance
During the last five days, there has been a drop of approximately -0.55%. Over the course of the year, Matador Resources Co shares have jumped approximately 14.83%. Shares of the company reached a 52-week high of $71.08 on 04/12/24 and a 52-week low of $51.92 on 02/05/24. A 50-day SMA is recorded $64.97, while a 200-day SMA reached $59.68. Nevertheless, trading volume fell to 3.11 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for Matador Resources Co (MTDR)
According to the 24-hour chart, there is a support level at 63.99, which, if violated, would cause prices to drop to 62.69. In the upper region, resistance lies at 67.05. The next price resistance is at 68.81. RSI (Relative Strength Index) is 45.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 77.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
