Granite Ridge Resources Inc’s filing revealed that its Director Perry Griffin acquired Company’s shares for reported $13080.0 on May 23 ’24. In the deal valued at $6.54 per share,2,000 shares were bought. As a result of this transaction, Perry Griffin now holds 589,181 shares worth roughly $3.87 million.
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Then, MCCARTNEY JOHN bought 500 shares, generating $3,275 in total proceeds. Upon buying the shares at $6.55, the Director now owns 45,339 shares.
Before that, MCCARTNEY JOHN bought 1,000 shares. Granite Ridge Resources Inc shares valued at $6,590 were divested by the Director at a price of $6.59 per share. As a result of the transaction, MCCARTNEY JOHN now holds 44,839 shares, worth roughly $0.29 million.
ROTH MKM initiated its Granite Ridge Resources Inc [GRNT] rating to a Buy in a research note published on May 15, 2024; the price target was $8.80. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Stephens began covering GRNT with “an Overweight” recommendation on September 27, 2023.
Price Performance Review of GRNT
On Friday, Granite Ridge Resources Inc [NYSE:GRNT] saw its stock jump 0.46% to $6.57. Over the last five days, the stock has gained 1.70%. Granite Ridge Resources Inc shares have risen nearly 9.14% since the year began. Nevertheless, the stocks have risen 8.42% over the past one year. While a 52-week high of $8.14 was reached on 04/12/24, a 52-week low of $5.20 was recorded on 01/19/24. SMA at 50 days reached $6.52, while 200 days put it at $6.28. A total of 0.31 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 6.53, which if violated will result in even more drops to 6.48. On the upside, there is a resistance level at 6.63. A further resistance level may holdings at 6.68. The Relative Strength Index (RSI) on the 14-day chart is 52.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.09%. Stochastics %K at 68.48% indicates the stock is a holding.
