Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Diamondback Energy Inc shares valued at $50,000,000 were purchased by Diamondback Energy, Inc. on Jan 29 ’25. At $4.00 per share, Diamondback Energy, Inc. acquired 12,500,000 shares. The insider’s holdings grew to 14,500,000 shares worth approximately $2.26 billion following the completion of this transaction.
Also, WEST STEVEN E purchased 6,000 shares, netting a total of over 975,960 in proceeds. Following the buying of shares at $162.66 each, the insider now holds 12,135 shares.
Before that, Van’t Hof Matthew Kaes had sold 4,000 shares from its account. In a trade valued at $653,928, the President & CFO traded Diamondback Energy Inc shares for $163.48 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $15.1 million.
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 drop of approximately -2.41%. Over the course of the year, Diamondback Energy Inc shares have dropped approximately -4.68%. Shares of the company reached a 52-week high of $180.91 on 01/17/25 and a 52-week low of $154.29 on 02/13/25. A 50-day SMA is recorded $166.79, while a 200-day SMA reached $184.74. Nevertheless, trading volume fell to 2.25 million shares from 2.39 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 154.59, which, if violated, would cause prices to drop to 153.01. In the upper region, resistance lies at 157.45. The next price resistance is at 158.73. RSI (Relative Strength Index) is 33.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.08, which suggests the price will decrease in the coming days. Percent R is at 91.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
