Energy CEO Foran Buys $196K as the Cross Confirms
Joe Foran founded Matador, and he keeps writing checks. His latest is $196,396 at $51.16, and it lands with the 8-day just crossing above the 20-day today. That's the moment systematic money starts filling in behind him. Energy is one of the few groups showing strength across every timeframe right now, and insider buys on this name have paid out about two-thirds of the time, averaging near 9% over 90 days. You could sell a put spread beneath his $51.16 to get paid while you wait, with support sitting right at $51.53 to lean on.
The Filing
| Ticker | MTDR |
| Company | Matador Resources Co |
| Insider | Joseph Wm Foran, Chairman and CEO |
| Buy amount | $196,396 |
| Filing date | August 12, 2026 |
| Conviction | Interesting · 58/100 |
| Setup type | Trend Confirmation |
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