And Insider Report members are sitting on a 239% open gain.
Those who bought the call options instead did even better.
The catalyst was the company earnings announcement.
Unbeknownst to anyone on the outside, Matador had hedged all of its oil production for the next 18 months by selling futures contracts.
So while its competitors were going to lose money selling crude at $20 a barrel, Matador was guaranteed $55 a barrel through the end of 2021.
This was a game changer, and the stock responded accordingly.
But again, there wasn't an analyst on Wall Street who knew that information.
The only ones who did were the CEO, CFO, Vice Presidents – the people who were buying up large blocks of the stock in their personal accounts!
If I wasn't following the insiders, I would have never known to buy MTDR.
That's why insider trading records are so valuable.
And why we've been able to hand our members so many big wins.
The final piece of the puzzle is figuring out where to sell.
For that, I always look at volume.
Here's the profile for MTDR:
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