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 $25,290 were purchased by Baty Robert Gaines on Sep 13 ’24. At $50.58 per share, Baty Robert Gaines acquired 500 shares. The insider’s holdings grew to 67,617 shares worth approximately $3.43 million following the completion of this transaction.
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Also, Elsener William Thomas purchased 500 shares, netting a total of over 24,735 in proceeds. Following the buying of shares at $49.47 each, the insider now holds 102,164 shares.
Before that, Appel Shelley F had added 300 shares to its account. In a trade valued at $15,030, the Director bought Matador Resources Co shares for $50.10 each. Upon closing the transaction, the insider’s holdings increased to 300 shares, worth approximately $2.92 million.
As published in a research note from CapitalOne on July 25, 2024, Matador Resources Co [MTDR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $84 from $80. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid July. As of June 21, 2024, Stephens has initiated its “an Overweight” rating for MTDR. Earlier on November 15, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for MTDR stock.
Analyzing MTDR Stock Performance
During the last five days, there has been a drop of approximately -1.99%. Over the course of the year, Matador Resources Co shares have dropped approximately -10.73%. Nevertheless, trading volume fell to 3.53 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Matador Resources Co (MTDR)
RSI (Relative Strength Index) is 44.45 on the 14-day chart, showing neutral technical sentiment.
