In a filing, Viper Energy Inc revealed its Director Diamondback Energy, Inc. unloaded Company’s shares for reported $451.3 million on Mar 08 ’24. In the deal valued at $34.12 per share,13,225,000 shares were sold. As a result of this transaction, Diamondback Energy, Inc. now holds 0 shares worth roughly $0.0.
Then, Warwick Royalty & Mineral Mast sold 9,018,760 shares, generating $258,838,412 in total proceeds. Upon selling the shares at $28.70, the 10% Owner now owns 0 shares.
Before that, BX SWT ML Holdco LLC sold 1,810,400 shares. Viper Energy Inc shares valued at $54,360,013 were divested by the 10% Owner at a price of $30.03 per share. As a result of the transaction, BX SWT ML Holdco LLC now holds 7,002,347 shares, worth roughly $274.77 million.
A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “a Sector weight”. KeyBanc Capital Markets began covering VNOM with “an Overweight” recommendation on September 20, 2022.
Price Performance Review of VNOM
On Friday, Viper Energy Inc [NASDAQ:VNOM] saw its stock jump 2.35% to $39.24. Over the last five days, the stock has gained 2.03%. Viper Energy Inc shares have risen nearly 26.05% since the year began. Nevertheless, the stocks have risen 36.89% over the past one year. While a 52-week high of $38.86 was reached on 04/05/24, a 52-week low of $23.97 was recorded on 01/18/24. SMA at 50 days reached $35.18, while 200 days put it at $30.35. A total of 0.87 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For VNOM Stock
The 24-hour chart illustrates a support level at 38.70, which if violated will result in even more drops to 38.17. On the upside, there is a resistance level at 39.58. A further resistance level may holdings at 39.93. The Relative Strength Index (RSI) on the 14-day chart is 70.64, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.46%. Stochastics %K at 88.40% indicates the stock is a selling.
How much short interest is there in Viper Energy Inc?
A steep rise in short interest was recorded in Viper Energy Inc stocks on Mar 15, 2024, dropping by -1.61 million shares to a total of 2.06 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.67 million shares. There was a decline of -78.16%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.18% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.22.
