Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Diamondback Energy Inc shares valued at $975,960 were purchased by WEST STEVEN E on Dec 16 ’24. At $162.66 per share, WEST STEVEN E acquired 6,000 shares. The insider’s holdings grew to 12,135 shares worth approximately $1.99 million following the completion of this transaction.
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Also, Van’t Hof Matthew Kaes sold 4,000 shares, netting a total of over 653,928 in proceeds. Following the sale of shares at $163.48 each, the insider now holds 96,718 shares.
Before that, Van’t Hof Matthew Kaes had added 4,000 shares to its account. In a trade valued at $653,928, the Officer bought Diamondback Energy Inc shares for $163.48 each.
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 surge of approximately 4.95%. Over the course of the year, Diamondback Energy Inc shares have jumped approximately 8.27%. 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 $172.79, while a 200-day SMA reached $189.29. Nevertheless, trading volume fell to 2.47 million shares from 1.69 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 161.59, which, if violated, would cause prices to drop to 159.36. In the upper region, resistance lies at 165.16. The next price resistance is at 166.50. RSI (Relative Strength Index) is 47.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.93, which suggests the price will increase in the coming days. Percent R is at 7.58%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
