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Matador Resources Co [MTDR] Shares Rise 1.03 % on Wednesday

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 Co shares valued at $97,825 were purchased by Erman Bryan A on Jun 14 ’24. At $55.90 per share, Erman Bryan A acquired 1,750 shares. The insider’s holdings grew to 1,750 shares worth approximately $0.11 million following the completion of this transaction.

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Also, Appel Shelley F purchased 500 shares, netting a total of over 26,490 in proceeds. Following the buying of shares at $52.98 each, the insider now holds 54,708 shares.

Before that, PARKER TIMOTHY E. had added 5,000 shares to its account. In a trade valued at $260,650, the Director bought Matador Resources Co shares for $52.13 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $4.8 million.

As published in their initiating research note from Stephens on June 21, 2024, Matador Resources Co [MTDR] has been an Overweight and the price target has been revised to $83. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid November. As of August 16, 2023, Mizuho has increased its “Neutral” rating to a “Buy” for MTDR. Earlier on January 10, 2023, Mizuho initiated its rating. Their recommendation was “a Neutral” for MTDR stock.

Analyzing MTDR Stock Performance

During the last five days, there has been a surge of approximately 3.19%. Over the course of the year, Matador Resources Co shares have jumped approximately 6.49%. 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 $61.09, while a 200-day SMA reached $60.21. Nevertheless, trading volume fell to 1.07 million shares from 1.4 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 59.99, which, if violated, would cause prices to drop to 59.47. In the upper region, resistance lies at 60.95. The next price resistance is at 61.39. RSI (Relative Strength Index) is 54.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.64, which suggests the price will increase in the coming days. Percent R is at 8.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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