Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Diamondback Energy Inc shares valued at $9,907,705 were purchased by Van’t Hof Matthew Kaes on Aug 08 ’24. At $198.15 per share, Van’t Hof Matthew Kaes acquired 50,000 shares.
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Also, Wesson Daniel N sold 4,000 shares, netting a total of over 778,760 in proceeds. Following the sale of shares at $194.69 each, the insider now holds 65,677 shares.
Before that, Barkmann Albert had sold 1,000 shares from its account. In a trade valued at $194,750, the Exec. VP and Chief Engineer traded Diamondback Energy Inc shares for $194.75 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.99 million.
As published in their initiating research note from Wolfe Research on July 18, 2024, Diamondback Energy Inc [FANG] has been a Peer perform. Analysts at Bernstein started covering the stock with ‘”an Outperform”‘ outlook in a report released in early June. As of April 10, 2024, Barclays has initiated its “an Equal weight” rating for FANG. Earlier on February 12, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for FANG stock which previously was a “an Underperform”.
Analyzing FANG Stock Performance
During the last five days, there has been a drop of approximately -0.37%. Over the course of the year, Diamondback Energy Inc shares have jumped approximately 29.55%. Shares of the company reached a 52-week high of $214.50 on 07/17/24 and a 52-week low of $147.93 on 02/05/24. A 50-day SMA is recorded $197.79, while a 200-day SMA reached $179.95. Nevertheless, trading volume fell to 1.31 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Diamondback Energy Inc (FANG)
According to the 24-hour chart, there is a support level at 192.61, which, if violated, would cause prices to drop to 187.72. In the upper region, resistance lies at 200.77. The next price resistance is at 204.04. RSI (Relative Strength Index) is 49.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.72, which suggests the price will decrease in the coming days. Percent R is at 31.57%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
