In a filing, Granite Ridge Resources Inc revealed 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 $6.58 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 $0.59 million.
CapitalOne downgraded its Granite Ridge Resources Inc [GRNT] rating to an Equal weight from a an Overweight in a research note published recently. ROTH MKM began covering GRNT with “Buy” recommendation on May 15, 2024. BofA Securities started covering the stock on November 07, 2023. It rated GRNT as “a Buy”.
Price Performance Review of GRNT
On Friday, Granite Ridge Resources Inc [NYSE:GRNT] saw its stock jump 1.13% to $5.35. Over the last five days, the stock has lost -8.86%. Granite Ridge Resources Inc shares have fallen nearly -17.18% since the year began. Nevertheless, the stocks have fallen -11.72% over the past one year. While a 52-week high of $7.10 was reached on 01/10/25, a 52-week low of $5.27 was recorded on 03/06/25. SMA at 50 days reached $6.26, while 200 days put it at $6.30.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 5.16, which if violated will result in even more drops to 4.98. On the upside, there is a resistance level at 5.66. A further resistance level may holdings at 5.97. The Relative Strength Index (RSI) on the 14-day chart is 26.04, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.44%. Stochastics %K at 8.39% indicates the stock is a buying.
The most recent change occurred on September 27, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $8 price target.
