Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dorchester Minerals LP shares valued at $104,907 were purchased by MORIYAMA LESLIE A on Nov 14 ’24. At $32.60 per share, MORIYAMA LESLIE A acquired 3,218 shares. The insider’s holdings grew to 71,400 shares worth approximately $2.44 million following the completion of this transaction.
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Also, DORCHESTER MINERALS OPERATING purchased 2,900 shares, netting a total of over 93,460 in proceeds. Following the buying of shares at $32.23 each, the insider now holds 66,352 shares.
Before that, DORCHESTER MINERALS OPERATING had added 3,000 shares to its account. In a trade valued at $96,970, the Entity Under Common Control bought Dorchester Minerals LP shares for $32.32 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $2.11 million.
Analyzing DMLP Stock Performance
During the last five days, there has been a surge of approximately 2.37%. Over the course of the year, Dorchester Minerals LP shares have jumped approximately 7.41%. Shares of the company reached a 52-week high of $35.74 on 04/03/24 and a 52-week low of $28.41 on 08/05/24. A 50-day SMA is recorded $32.09, while a 200-day SMA reached $31.80. Nevertheless, trading volume fell to 0.23 million shares from 83600.0 shares the previous day.
Support And Resistance Levels for Dorchester Minerals LP (DMLP)
According to the 24-hour chart, there is a support level at 33.67, which, if violated, would cause prices to drop to 33.15. In the upper region, resistance lies at 34.64. The next price resistance is at 35.09. RSI (Relative Strength Index) is 67.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 16.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
