Diamondback Energy Inc’s recent filing unveils that its Chief Executive Officer Stice Travis D. unloaded Company’s shares for reported $6.0 million on Apr 02 ’24. In the deal valued at $200.00 per share,30,000 shares were sold. As a result of this transaction, Stice Travis D. now holds 446,610 shares worth roughly $92.15 million.
Then, Zmigrosky Matt sold 5,000 shares, generating $969,684 in total proceeds. Upon selling the shares at $193.94, the EVP, Chief Legal and Admin Off now owns 44,445 shares.
Before that, Dick Teresa L. sold 2,000 shares. Diamondback Energy Inc shares valued at $387,840 were divested by the CAO, Exec. VP, Assist. Sec. at a price of $193.92 per share. As a result of the transaction, Dick Teresa L. now holds 94,523 shares, worth roughly $19.5 million.
Barclays initiated its Diamondback Energy Inc [FANG] rating to an Equal weight in a research note published on April 10, 2024; the price target was $214. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid February from “an Underperform” to “a Neutral”. Citigroup also remained covering FANG and has decreased its forecast on October 23, 2023 with a “Neutral” recommendation from previously “Buy” rating. The Benchmark Company started covering the stock on July 13, 2023. It rated FANG as “a Buy”.
Price Performance Review of FANG
On Friday, Diamondback Energy Inc [NASDAQ:FANG] saw its stock fall -0.92% to $206.34. Over the last five days, the stock has gained 0.99%. Diamondback Energy Inc shares have risen nearly 34.64% since the year began. Nevertheless, the stocks have risen 46.35% over the past one year. While a 52-week high of $208.49 was reached on 04/12/24, a 52-week low of $120.02 was recorded on 02/05/24. SMA at 50 days reached $183.36, while 200 days put it at $159.79. A total of 1.53 million shares were traded, compared to the trading of 1.25 million shares in the previous session.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 203.57, which if violated will result in even more drops to 200.81. On the upside, there is a resistance level at 210.53. A further resistance level may holdings at 214.73. The Relative Strength Index (RSI) on the 14-day chart is 73.75, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.36%. Stochastics %K at 84.71% indicates the stock is a selling.
The most recent change occurred on April 19, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $177 price target.
