In a filing, Diamondback Energy Inc revealed its 10% Owner Greth Lyndal unloaded Company’s shares for reported $2.31 billion on Sep 23 ’24. In the deal valued at $175.11 per share,13,212,830 shares were sold. As a result of this transaction, Greth Lyndal now holds 1,037,819 shares worth roughly $202.33 million.
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Then, Dick Teresa L. sold 5,000 shares, generating $1,000,000 in total proceeds. Upon selling the shares at $200.00, the CAO, Exec. VP, Assist. Sec. now owns 88,953 shares.
Before that, Van’t Hof Matthew Kaes sold 50,000 shares. Diamondback Energy Inc shares valued at $9,907,706 were divested by the President & CFO at a price of $198.15 per share. As a result of the transaction, Van’t Hof Matthew Kaes now holds 100,718 shares, worth roughly $19.64 million.
BMO Capital Markets upgraded its Diamondback Energy Inc [FANG] rating to an Outperform from a a Market perform in a research note published on October 04, 2024; the price target was increased to $215 from $205. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early October from “an Equal weight” to “an Overweight”.
Price Performance Review of FANG
On Friday, Diamondback Energy Inc [NASDAQ:FANG] saw its stock jump 0.46% to $194.96. Over the last five days, the stock has gained 0.18%. Diamondback Energy Inc shares have risen nearly 28.84% since the year began. Nevertheless, the stocks have risen 27.81% over the past one year. While a 52-week high of $212.93 was reached on 07/17/24, a 52-week low of $142.17 was recorded on 02/05/24. SMA at 50 days reached $187.08, while 200 days put it at $186.86.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 192.94, which if violated will result in even more drops to 190.92. On the upside, there is a resistance level at 196.49. A further resistance level may holdings at 198.02. The Relative Strength Index (RSI) on the 14-day chart is 59.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.02%. Stochastics %K at 80.81% indicates the stock is a selling.
How much short interest is there in Diamondback Energy Inc?
A steep rise in short interest was recorded in Diamondback Energy Inc stocks on 2024-09-30, growing by 0.65 million shares to a total of 5.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.93 million shares. There was a rise of 11.7%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 18, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
