In a filing, Granite Ridge Resources Inc revealed its Director MCCARTNEY JOHN acquired Company’s shares for reported $3145.0 on Aug 22 ’24. In the deal valued at $6.29 per share,500 shares were bought. As a result of this transaction, MCCARTNEY JOHN now holds 47,839 shares worth roughly $0.28 million.
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Then, Miller Matthew Reade bought 4,000 shares, generating $25,320 in total proceeds. Upon buying the shares at $6.33, the Director now owns 683,996 shares.
Before that, MCCARTNEY JOHN bought 1,000 shares. Granite Ridge Resources Inc shares valued at $6,540 were divested by the Director at a price of $6.54 per share. As a result of the transaction, MCCARTNEY JOHN now holds 47,339 shares, worth roughly $0.28 million.
A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. BofA Securities began covering GRNT with “Buy” recommendation on November 07, 2023. Stephens started covering the stock on September 27, 2023. It rated GRNT as “an Overweight”.
Price Performance Review of GRNT
On Tuesday, Granite Ridge Resources Inc [NYSE:GRNT] saw its stock fall -2.16% to $5.88. Over the last five days, the stock has lost -3.45%. Granite Ridge Resources Inc shares have fallen nearly -2.33% since the year began. Nevertheless, the stocks have fallen -21.60% over the past one year. While a 52-week high of $7.30 was reached on 07/17/24, a 52-week low of $5.20 was recorded on 01/19/24. SMA at 50 days reached $6.48, while 200 days put it at $6.23.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 5.78, which if violated will result in even more drops to 5.69. On the upside, there is a resistance level at 5.99. A further resistance level may holdings at 6.10. The Relative Strength Index (RSI) on the 14-day chart is 34.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.57%. Stochastics %K at 7.85% indicates the stock is a buying.
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 2024-08-15, dropping by -0.39 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.92 million shares. There was a decline of -15.37%, which implies that there is a negative sentiment for the stock.
