Diamondback Energy Inc’s filing revealed that its Officer Van’t Hof Matthew Kaes acquired Company’s shares for reported $0.65 million on Dec 13 ’24. In the deal valued at $163.48 per share,4,000 shares were bought.
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Then, Stice Travis D. sold 3,000 shares, generating $517,536 in total proceeds. Upon selling the shares at $172.51, the Chief Executive Officer now owns 20,400 shares.
Before that, Stice Travis D. bought 3,000 shares. Diamondback Energy Inc shares valued at $517,536 were divested by the Officer at a price of $172.51 per share.
BMO Capital Markets also remained covering FANG and has increased its forecast on October 04, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Barclays revised its rating on October 02, 2024. It rated FANG as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of FANG
On Monday, Diamondback Energy Inc [NASDAQ:FANG] saw its stock fall -2.70% to $158.93. Over the last five days, the stock has lost -4.90%. Diamondback Energy Inc shares have risen nearly 5.03% since the year began. Nevertheless, the stocks have risen 6.15% over the past one year. While a 52-week high of $212.93 was reached on 07/17/24, a 52-week low of $144.34 was recorded on 02/05/24. SMA at 50 days reached $179.14, while 200 days put it at $190.60.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 157.41, which if violated will result in even more drops to 155.88. On the upside, there is a resistance level at 161.56. A further resistance level may holdings at 164.18. The Relative Strength Index (RSI) on the 14-day chart is 29.29, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.09%. Stochastics %K at 4.36% indicates the stock is a buying.
How much short interest is there in Diamondback Energy Inc?
A steep rise in short interest was recorded in Diamondback Energy Inc stocks on 2024-11-29, growing by 0.32 million shares to a total of 5.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.17 million shares. There was a rise of 5.88%, which implies that there is a positive sentiment for the stock.
