Granite Ridge Resources Inc’s recently made public that its Director Miller Matthew Reade acquired Company’s shares for reported $3051.0 on Dec 16 ’24. In the deal valued at $6.03 per share,506 shares were bought. As a result of this transaction, Miller Matthew Reade now holds 1,229,953 shares worth roughly $8.22 million.
Then, Brandenberg Luke C bought 8,495 shares, generating $51,820 in total proceeds. Upon buying the shares at $6.10, the President and CEO now owns 109,128 shares.
Before that, Brandenberg Luke C bought 1,505 shares. Granite Ridge Resources Inc shares valued at $9,135 were divested by the President and CEO at a price of $6.07 per share. As a result of the transaction, Brandenberg Luke C now holds 110,633 shares, worth roughly $0.74 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 0.15% to $6.68. Over the last five days, the stock has gained 11.71%. Granite Ridge Resources Inc shares have risen nearly 3.41% since the year began. Nevertheless, the stocks have risen 12.08% over the past one year. While a 52-week high of $7.10 was reached on 01/06/25, a 52-week low of $5.20 was recorded on 01/02/25. SMA at 50 days reached $6.25, while 200 days put it at $6.35.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 6.62, which if violated will result in even more drops to 6.56. On the upside, there is a resistance level at 6.77. A further resistance level may holdings at 6.86. The Relative Strength Index (RSI) on the 14-day chart is 63.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.02%. Stochastics %K at 94.88% 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 2024-12-13, growing by 0.5 million shares to a total of 3.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.72 million shares. There was a rise of 15.47%, which implies that there is a positive sentiment for the stock.
