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. Granite Ridge Resources Inc shares valued at $11,780 were purchased by MCCARTNEY JOHN on Jun 03 ’25. At $5.89 per share, MCCARTNEY JOHN acquired 2,000 shares. The insider’s holdings grew to 66,117 shares worth approximately $0.4 million following the completion of this transaction.
Also, Brandenberg Luke C purchased 6,100 shares, netting a total of over 35,380 in proceeds. Following the buying of shares at $5.80 each, the insider now holds 157,267 shares.
Before that, MCCARTNEY JOHN had added 2,000 shares to its account. In a trade valued at $11,440, the Director bought Granite Ridge Resources Inc shares for $5.72 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.39 million.
As published in a research note from CapitalOne on February 21, 2025, Granite Ridge Resources Inc [GRNT] has been rated down from an Overweight to an Equal weight. As of May 15, 2024, ROTH MKM has initiated its “Buy” rating for GRNT. Earlier on November 07, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for GRNT stock.
Analyzing GRNT Stock Performance
During the last five days, there has been a surge of approximately 6.09%. Over the course of the year, Granite Ridge Resources Inc shares have dropped approximately -5.57%. Shares of the company reached a 52-week high of $7.00 on 01/10/25 and a 52-week low of $4.52 on 04/07/25.
Support And Resistance Levels for Granite Ridge Resources Inc (GRNT)
According to the 24-hour chart, there is a support level at 5.98, which, if violated, would cause prices to drop to 5.85. In the upper region, resistance lies at 6.19. The next price resistance is at 6.28. RSI (Relative Strength Index) is 69.00 on the 14-day chart, showing neutral technical sentiment.
