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 $251,590 were purchased by Plaumann Mark Lawrence on Nov 13 ’24. At $181.00 per share, Plaumann Mark Lawrence acquired 1,390 shares.
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Also, REEVES ROBERT K purchased 2,832 shares, netting a total of over 509,760 in proceeds. Following the buying of shares at $180.00 each, the insider now holds 3,667 shares.
Before that, Greth Lyndal had sold 13,212,830 shares from its account. In a trade valued at $2,313,665,629, the 10% Owner traded Diamondback Energy Inc shares for $175.11 each. Upon closing the transaction, the insider’s holdings decreased to 13,212,830 shares, worth approximately $189.13 million.
Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of October 02, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for FANG.
Analyzing FANG Stock Performance
During the last five days, there has been a drop of approximately -0.75%. Over the course of the year, Diamondback Energy Inc shares have jumped approximately 20.43%. 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 $181.26, while a 200-day SMA reached $189.94. Nevertheless, trading volume fell to 1.47 million shares from 1.79 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 178.62, which, if violated, would cause prices to drop to 175.00. In the upper region, resistance lies at 184.74. The next price resistance is at 187.24. RSI (Relative Strength Index) is 51.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 29.41%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
