Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viper Energy Inc shares valued at $451,303,125 were sold by Diamondback Energy, Inc. on Mar 08 ’24. At $34.12 per share, Diamondback Energy, Inc. sold 13,225,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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As published in their initiating research note from Goldman on December 02, 2024, Viper Energy Inc [VNOM] has been a Buy and the price target has been revised to $70. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of April 10, 2024, Barclays has initiated its “an Overweight” rating for VNOM.
Analyzing VNOM Stock Performance
During the last five days, there has been a drop of approximately -2.36%. Over the course of the year, Viper Energy Inc shares have jumped approximately 68.16%. Shares of the company reached a 52-week high of $56.76 on 11/25/24 and a 52-week low of $30.21 on 01/18/24. A 50-day SMA is recorded $52.33, while a 200-day SMA reached $43.46. Nevertheless, trading volume fell to 0.82 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Viper Energy Inc (VNOM)
According to the 24-hour chart, there is a support level at 50.55, which, if violated, would cause prices to drop to 49.88. In the upper region, resistance lies at 51.63. The next price resistance is at 52.05. RSI (Relative Strength Index) is 44.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.10, which suggests the price will decrease in the coming days. Percent R is at 81.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
