In a filing, Matador Resources Co revealed its Director Ehrman Monika U acquired Company’s shares for reported $10348.0 on Dec 13 ’24. In the deal valued at $57.49 per share,180 shares were bought. As a result of this transaction, Ehrman Monika U now holds 36,267 shares worth roughly $2.02 million.
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Then, Elsener William Thomas bought 800 shares, generating $45,280 in total proceeds. Upon buying the shares at $56.60, the EVP, Reservoir Engineering now owns 102,964 shares.
Before that, Foran Joseph Wm bought 2,000 shares. Matador Resources Co shares valued at $110,360 were divested by the Chairman and CEO at a price of $55.18 per share. As a result of the transaction, Foran Joseph Wm now holds 42,251 shares, worth roughly $2.35 million.
CapitalOne upgraded its Matador Resources Co [MTDR] rating to an Overweight from a an Equal weight in a research note published on July 25, 2024; the price target was increased to $84 from $80. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating. Stephens began covering MTDR with “an Overweight” recommendation on June 21, 2024. Wells Fargo started covering the stock on November 15, 2023. It rated MTDR as “an Overweight”.
Price Performance Review of MTDR
On Tuesday, Matador Resources Co [NYSE:MTDR] saw its stock fall -0.85% to $55.69. Over the last five days, the stock has lost -0.96%. Matador Resources Co shares have fallen nearly -2.06% since the year began. Nevertheless, the stocks have fallen -0.91% over the past one year. While a 52-week high of $71.08 was reached on 04/12/24, a 52-week low of $47.15 was recorded on 09/26/24. SMA at 50 days reached $55.45, while 200 days put it at $58.93.
Levels Of Support And Resistance For MTDR Stock
The 24-hour chart illustrates a support level at 54.66, which if violated will result in even more drops to 53.64. On the upside, there is a resistance level at 56.26. A further resistance level may holdings at 56.83. The Relative Strength Index (RSI) on the 14-day chart is 44.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.26%. Stochastics %K at 27.71% indicates the stock is a holding.
How much short interest is there in Matador Resources Co?
A steep rise in short interest was recorded in Matador Resources Co stocks on 2024-11-29, dropping by -0.79 million shares to a total of 7.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.9 million shares. There was a decline of -11.05%, which implies that there is a negative sentiment for the stock.
