Diamondback Energy Inc’s recent filing unveils that its Director Diamondback Energy, Inc. acquired Company’s shares for reported $50.0 million on Jan 29 ’25. In the deal valued at $4.00 per share,12,500,000 shares were bought. As a result of this transaction, Diamondback Energy, Inc. now holds 14,500,000 shares worth roughly $2.38 billion.
Then, WEST STEVEN E bought 6,000 shares, generating $975,960 in total proceeds. Upon buying the shares at $162.66, the Director now owns 12,135 shares.
Before that, Van’t Hof Matthew Kaes sold 4,000 shares. Diamondback Energy Inc shares valued at $653,928 were divested by the President & CFO at a price of $163.48 per share. As a result of the transaction, Van’t Hof Matthew Kaes now holds 96,718 shares, worth roughly $15.9 million.
Wolfe Research upgraded its Diamondback Energy Inc [FANG] rating to an Outperform from a a Peer perform in a research note published recently. BMO Capital Markets revised its rating on October 04, 2024. It rated FANG as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of FANG
On Friday, Diamondback Energy Inc [NASDAQ:FANG] saw its stock fall -3.55% to $164.36. Over the last five days, the stock has lost -5.14%. Diamondback Energy Inc shares have risen nearly 0.32% since the year began. Nevertheless, the stocks have risen 7.34% over the past one year. While a 52-week high of $212.93 was reached on 01/17/25, a 52-week low of $144.34 was recorded on 01/31/25. SMA at 50 days reached $170.23, while 200 days put it at $186.65.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 162.24, which if violated will result in even more drops to 160.13. On the upside, there is a resistance level at 168.17. A further resistance level may holdings at 171.99. The Relative Strength Index (RSI) on the 14-day chart is 37.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.52%. Stochastics %K at 17.68% 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 2025-01-15, dropping by -0.87 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.46 million shares. There was a decline of -18.85%, which implies that there is a negative sentiment for the stock.
