Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Diamondback Energy Inc shares valued at $517,536 were purchased by Stice Travis D. on Dec 05 ’24. At $172.51 per share, Stice Travis D. acquired 3,000 shares.
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Also, Plaumann Mark Lawrence sold 1,150 shares, netting a total of over 208,150 in proceeds. Following the sale of shares at $181.00 each, the insider now holds 4,712 shares.
Before that, Plaumann Mark Lawrence had sold 240 shares from its account. In a trade valued at $43,440, the Director traded Diamondback Energy Inc shares for $181.00 each. Upon closing the transaction, the insider’s holdings decreased to 240 shares, worth approximately $1.59 million.
As of October 04, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for FANG. Earlier on October 02, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for FANG stock which previously was a “an Equal weight”.
Analyzing FANG Stock Performance
During the last five days, there has been a drop of approximately -1.99%. Over the course of the year, Diamondback Energy Inc shares have jumped approximately 14.12%. 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 $181.31, while a 200-day SMA reached $191.15. Nevertheless, trading volume fell to 2.16 million shares from 2.96 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 171.38, which, if violated, would cause prices to drop to 170.07. In the upper region, resistance lies at 174.06. The next price resistance is at 175.43. RSI (Relative Strength Index) is 40.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.90, which suggests the price will decrease in the coming days. Percent R is at 77.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
