Diamondback Energy Inc’s recently made public that 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 $182.46 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $17.71 million.
A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early October from “a Market perform” to “an Outperform”. Barclays also remained covering FANG and has increased its forecast on October 02, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating.
Price Performance Review of FANG
On Friday, Diamondback Energy Inc [NASDAQ:FANG] saw its stock fall -0.54% to $175.81. Over the last five days, the stock has lost -4.65%. Diamondback Energy Inc shares have risen nearly 16.18% since the year began. Nevertheless, the stocks have risen 14.85% 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 $183.29, while 200 days put it at $188.88.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 174.31, which if violated will result in even more drops to 172.80. On the upside, there is a resistance level at 178.09. A further resistance level may holdings at 180.36. The Relative Strength Index (RSI) on the 14-day chart is 40.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.75%. Stochastics %K at 7.42% indicates the stock is a buying.
How much short interest is there in Diamondback Energy Inc?
A steep rise in short interest was recorded in Diamondback Energy Inc stocks on 2024-10-15, growing by 1.07 million shares to a total of 6.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.01 million shares. There was a rise of 17.56%, which implies that there is a positive sentiment for the stock.
