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 $208,150 were sold by Plaumann Mark Lawrence on Nov 13 ’24. At $181.00 per share, Plaumann Mark Lawrence sold 1,150 shares. The insider’s holdings dropped to 4,712 shares worth approximately $0.86 million following the completion of this transaction.
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Also, Plaumann Mark Lawrence sold 240 shares, netting a total of over 43,440 in proceeds. Following the sale of shares at $181.00 each, the insider now holds 9,236 shares.
Before that, Plaumann Mark Lawrence had added 1,390 shares to its account. In a trade valued at $251,590, the Director bought Diamondback Energy Inc shares for $181.00 each.
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 -0.43%. Over the course of the year, Diamondback Energy Inc shares have jumped approximately 19.92%. 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 $181.65, while a 200-day SMA reached $190.66. Nevertheless, trading volume fell to 1.65 million shares from 1.63 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 180.11, which, if violated, would cause prices to drop to 178.77. In the upper region, resistance lies at 182.69. The next price resistance is at 183.93. RSI (Relative Strength Index) is 50.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 35.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
