Diamondback Energy Inc’s recent filing unveils that its Director Plaumann Mark Lawrence unloaded Company’s shares for reported $0.21 million on Nov 13 ’24. In the deal valued at $181.00 per share,1,150 shares were sold. As a result of this transaction, Plaumann Mark Lawrence now holds 4,712 shares worth roughly $0.83 million.
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Then, Plaumann Mark Lawrence sold 240 shares, generating $43,440 in total proceeds. Upon selling the shares at $181.00, the Director now owns 9,236 shares.
Before that, Plaumann Mark Lawrence bought 1,390 shares. Diamondback Energy Inc shares valued at $251,590 were divested by the Director at a price of $181.00 per share.
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 -3.19% to $176.60. Over the last five days, the stock has lost -2.90%. Diamondback Energy Inc shares have risen nearly 16.71% since the year began. Nevertheless, the stocks have risen 16.17% 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 $181.16, while 200 days put it at $190.20.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 173.74, which if violated will result in even more drops to 170.87. On the upside, there is a resistance level at 181.73. A further resistance level may holdings at 186.85. The Relative Strength Index (RSI) on the 14-day chart is 43.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 76.14%. Stochastics %K at 55.51% 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 2024-10-31, dropping by -0.41 million shares to a total of 5.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.59 million shares. There was a decline of -8.01%, which implies that there is a negative sentiment for the stock.
