Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Matador Resources Co shares valued at $10,348 were purchased by Ehrman Monika U on Dec 13 ’24. At $57.49 per share, Ehrman Monika U acquired 180 shares. The insider’s holdings grew to 36,267 shares worth approximately $2.18 million following the completion of this transaction.
Also, Elsener William Thomas purchased 800 shares, netting a total of over 45,280 in proceeds. Following the buying of shares at $56.60 each, the insider now holds 102,964 shares.
Before that, Foran Joseph Wm had added 2,000 shares to its account. In a trade valued at $110,360, the Chairman and CEO bought Matador Resources Co shares for $55.18 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $2.54 million.
As published in a research note from Wolfe Research on January 03, 2025, Matador Resources Co [MTDR] has been rated up from a Peer perform to an Outperform and the price target has been revised to $72. Analysts at CapitalOne upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late July. As of July 18, 2024, Wolfe Research has initiated its “Peer perform” rating for MTDR. Earlier on June 21, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for MTDR stock.
Analyzing MTDR Stock Performance
During the last five days, there has been a surge of approximately 6.79%. Over the course of the year, Matador Resources Co shares have jumped approximately 6.79%. Shares of the company reached a 52-week high of $60.95 on 01/06/25 and a 52-week low of $56.86 on 01/02/25. A 50-day SMA is recorded $56.47, while a 200-day SMA reached $58.23. Nevertheless, trading volume fell to 0.99 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Matador Resources Co (MTDR)
According to the 24-hour chart, there is a support level at 59.45, which, if violated, would cause prices to drop to 58.83. In the upper region, resistance lies at 60.42. The next price resistance is at 60.77. RSI (Relative Strength Index) is 65.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.52, which suggests the price will increase in the coming days. Percent R is at 9.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
