Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.3 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 $2.68 million.
As published in their initiating research note from Morgan Stanley on January 10, 2025, Matador Resources Co [MTDR] has been an Equal-weight and the price target has been revised to $78. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of July 25, 2024, CapitalOne has increased its “an Equal weight” rating to a “an Overweight” for MTDR. Earlier on July 18, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for MTDR stock.
Analyzing MTDR Stock Performance
During the last five days, there has been a surge of approximately 5.49%. Over the course of the year, Matador Resources Co shares have jumped approximately 12.66%. Shares of the company reached a 52-week high of $64.04 on 01/15/25 and a 52-week low of $56.86 on 01/02/25. A 50-day SMA is recorded $57.59, while a 200-day SMA reached $58.13. Nevertheless, trading volume fell to 1.22 million shares from 1.48 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 62.69, which, if violated, would cause prices to drop to 62.00. In the upper region, resistance lies at 63.92. The next price resistance is at 64.46. RSI (Relative Strength Index) is 72.54 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.07, which suggests the price will increase in the coming days. Percent R is at 6.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
