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 $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 $2.07 million following the completion of this transaction.
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 published in a research note from Wolfe Research on January 03, 2025, Diamondback Energy Inc [FANG] has been rated up from a Peer perform to an Outperform and the price target has been revised to $190. Earlier on October 04, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for FANG stock which previously was a “a Market perform”.
Analyzing FANG Stock Performance
During the last five days, there has been a surge of approximately 4.37%. Over the course of the year, Diamondback Energy Inc shares have jumped approximately 4.37%. Shares of the company reached a 52-week high of $175.08 on 01/06/25 and a 52-week low of $165.20 on 01/02/25. A 50-day SMA is recorded $171.55, while a 200-day SMA reached $188.72. Nevertheless, trading volume fell to 1.67 million shares from 2.13 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 169.31, which, if violated, would cause prices to drop to 167.62. In the upper region, resistance lies at 172.84. The next price resistance is at 174.68. RSI (Relative Strength Index) is 57.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.88, which suggests the price will increase in the coming days. Percent R is at 17.72%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
