Diamondback Energy Inc’s filing revealed that its CAO, Exec. VP, Assist. Sec. Dick Teresa L. unloaded Company’s shares for reported $1.0 million on Aug 09 ’24. In the deal valued at $200.00 per share,5,000 shares were sold. As a result of this transaction, Dick Teresa L. now holds 88,953 shares worth roughly $17.36 million.
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Then, Van’t Hof Matthew Kaes sold 50,000 shares, generating $9,907,706 in total proceeds. Upon selling the shares at $198.15, the President & CFO now owns 100,718 shares.
Before that, Dick Teresa L. bought 5,000 shares. Diamondback Energy Inc shares valued at $1,000,000 were divested by the Officer at a price of $200.00 per share.
Wolfe Research initiated its Diamondback Energy Inc [FANG] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early June with a ‘”an Outperform”‘ rating. Barclays began covering FANG with “an Equal weight” recommendation on April 10, 2024. BofA Securities revised its rating on February 12, 2024. It rated FANG as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of FANG
On Friday, Diamondback Energy Inc [NASDAQ:FANG] saw its stock fall -0.85% to $195.11. Over the last five days, the stock has lost -0.06%. Diamondback Energy Inc shares have risen nearly 28.94% since the year began. Nevertheless, the stocks have risen 34.29% over the past one year. While a 52-week high of $212.93 was reached on 07/17/24, a 52-week low of $137.39 was recorded on 02/05/24. SMA at 50 days reached $198.95, while 200 days put it at $182.76.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 193.38, which if violated will result in even more drops to 191.65. On the upside, there is a resistance level at 196.22. A further resistance level may holdings at 197.33. The Relative Strength Index (RSI) on the 14-day chart is 49.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.75%. Stochastics %K at 49.74% indicates the stock is a holding.
How much short interest is there in Diamondback Energy Inc?
A steep rise in short interest was recorded in Diamondback Energy Inc stocks on 2024-08-15, dropping by -0.24 million shares to a total of 5.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 6.0 million shares. There was a decline of -4.21%, which implies that there is a negative sentiment for the stock.
