Viper Energy Inc’s recent filing unveils that 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.
Barclays initiated its Viper Energy Inc [VNOM] rating to an Overweight in a research note published on April 10, 2024; the price target was $44. KeyBanc Capital Markets also remained covering VNOM and has decreased its forecast on May 03, 2023 with a “Sector weight” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets started covering the stock on September 20, 2022. It rated VNOM as “an Overweight”.
Price Performance Review of VNOM
On Tuesday, Viper Energy Inc [NASDAQ:VNOM] saw its stock jump 2.15% to $39.98. Over the last five days, the stock has gained 1.45%. Viper Energy Inc shares have risen nearly 28.42% since the year began. Nevertheless, the stocks have risen 42.63% over the past one year. While a 52-week high of $41.22 was reached on 04/12/24, a 52-week low of $23.97 was recorded on 01/18/24. SMA at 50 days reached $37.18, while 200 days put it at $31.18. A total of 0.69 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For VNOM Stock
The 24-hour chart illustrates a support level at 39.38, which if violated will result in even more drops to 38.78. On the upside, there is a resistance level at 40.34. A further resistance level may holdings at 40.69. The Relative Strength Index (RSI) on the 14-day chart is 64.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.72%. Stochastics %K at 42.09% indicates the stock is a holding.
