In a filing, Granite Ridge Resources Inc revealed its President and CEO Brandenberg Luke C acquired Company’s shares for reported $32500.0 on Nov 15 ’24. In the deal valued at $6.50 per share,5,000 shares were bought. As a result of this transaction, Brandenberg Luke C now holds 96,633 shares worth roughly $0.64 million.
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Then, Farquharson Tyler bought 5,000 shares, generating $32,750 in total proceeds. Upon buying the shares at $6.55, the Chief Financial Officer now owns 86,723 shares.
Before that, Miller Matthew Reade bought 495 shares. Granite Ridge Resources Inc shares valued at $3,084 were divested by the Director at a price of $6.23 per share. As a result of the transaction, Miller Matthew Reade now holds 692,991 shares, worth roughly $4.58 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 Monday, Granite Ridge Resources Inc [NYSE:GRNT] saw its stock jump 3.28% to $6.61. Over the last five days, the stock has lost -0.90%. Granite Ridge Resources Inc shares have risen nearly 9.80% since the year began. Nevertheless, the stocks have risen 7.65% over the past one year. While a 52-week high of $7.10 was reached on 07/17/24, a 52-week low of $5.20 was recorded on 01/19/24. SMA at 50 days reached $6.15, while 200 days put it at $6.31.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 6.46, which if violated will result in even more drops to 6.32. On the upside, there is a resistance level at 6.70. A further resistance level may holdings at 6.80. The Relative Strength Index (RSI) on the 14-day chart is 61.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.77%. Stochastics %K at 80.50% indicates the stock is a selling.
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 2024-10-31, dropping by 39834.0 shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.62 million shares. There was a decline of -1.54%, which implies that there is a negative sentiment for the stock.
