The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mach Natural Resources LP shares valued at $79,999,995 were purchased by McMullen William Wallace on Feb 07 ’25. At $15.50 per share, McMullen William Wallace acquired 5,161,290 shares. The insider’s holdings grew to 74,287,410 shares worth approximately $999.91 million following the completion of this transaction.
Also, McMullen William Wallace purchased 313,978 shares, netting a total of over 4,904,336 in proceeds. Following the buying of shares at $15.62 each, the insider now holds 69,126,120 shares.
Before that, McMullen William Wallace had added 150,000 shares to its account. In a trade valued at $2,299,500, the Director bought Mach Natural Resources LP shares for $15.33 each. Upon closing the transaction, the insider’s holdings increased to 150,000 shares, worth approximately $926.21 million.
Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 28, 2023, Johnson Rice has initiated its “Buy” rating for MNR. Earlier on November 20, 2023, Stifel initiated its rating. Their recommendation was “a Buy” for MNR stock.
Analyzing MNR Stock Performance
During the last five days, there has been a surge of approximately 2.91%. Over the course of the year, Mach Natural Resources LP shares have dropped approximately -21.65%. Shares of the company reached a 52-week high of $19.00 on 01/24/25 and a 52-week low of $12.40 on 04/07/25. A 50-day SMA is recorded $14.88, while a 200-day SMA reached $16.72.
Support And Resistance Levels for Mach Natural Resources LP (MNR)
According to the 24-hour chart, there is a support level at 13.19, which, if violated, would cause prices to drop to 12.91. In the upper region, resistance lies at 13.87. The next price resistance is at 14.27. RSI (Relative Strength Index) is 38.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 69.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
