The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Diamondback Energy Inc shares valued at $1,000,000 were sold by Dick Teresa L. on Aug 09 ’24. At $200.00 per share, Dick Teresa L. sold 5,000 shares. The insider’s holdings dropped to 88,953 shares worth approximately $16.37 million following the completion of this transaction.
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Also, Van’t Hof Matthew Kaes sold 50,000 shares, netting a total of over 9,907,706 in proceeds. Following the sale of shares at $198.15 each, the insider now holds 100,718 shares.
Before that, Dick Teresa L. had added 5,000 shares to its account. In a trade valued at $1,000,000, the Officer bought Diamondback Energy Inc shares for $200.00 each.
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 -5.43%. Over the course of the year, Diamondback Energy Inc shares have jumped approximately 21.60%. 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 $198.33, while a 200-day SMA reached $183.20. Nevertheless, trading volume fell to 1.29 million shares from 0.97 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 182.49, which, if violated, would cause prices to drop to 180.96. In the upper region, resistance lies at 185.93. The next price resistance is at 187.85. RSI (Relative Strength Index) is 36.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.08, which suggests the price will decrease in the coming days. Percent R is at 93.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
