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 $2,167,704 were purchased by McMullen William Wallace on Jun 16 ’25. At $14.96 per share, McMullen William Wallace acquired 144,900 shares. The insider’s holdings grew to 74,812,939 shares worth approximately $1.1 billion following the completion of this transaction.
Also, McMullen William Wallace purchased 135,500 shares, netting a total of over 1,994,560 in proceeds. Following the buying of shares at $14.72 each, the insider now holds 74,668,039 shares.
Before that, McMullen William Wallace had added 93,500 shares to its account. In a trade valued at $1,336,115, the Director bought Mach Natural Resources LP shares for $14.29 each. Upon closing the transaction, the insider’s holdings increased to 93,500 shares, worth approximately $1.1 billion.
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
The stock’s lowest price that day was $14.65, but it reached a high of $14.8937 in the same session. During the last five days, there has been a surge of approximately 2.29%. Over the course of the year, Mach Natural Resources LP shares have dropped approximately -25.28%. 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.
Support And Resistance Levels for Mach Natural Resources LP (MNR)
According to the 24-hour chart, there is a support level at 14.64, which, if violated, would cause prices to drop to 14.52. In the upper region, resistance lies at 14.88. The next price resistance is at 15.01. RSI (Relative Strength Index) is 58.69 on the 14-day chart, showing neutral technical sentiment.
Is Mach Natural Resources LP subject to short interest?
Stocks of Mach Natural Resources LP saw a sharp rise in short interest on 2025-06-13 jumping by 0.21 million shares to 0.79 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 0.58 million shares. A jump of 26.25% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.02 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.02.
