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 $313,020 were purchased by Tsuru Frank D. on Feb 28 ’25. At $156.51 per share, Tsuru Frank D. acquired 2,000 shares. The insider’s holdings grew to 5,730 shares worth approximately $0.82 million following the completion of this transaction.
Also, Diamondback Energy, Inc. purchased 12,500,000 shares, netting a total of over 50,000,000 in proceeds. Following the buying of shares at $4.00 each, the insider now holds 14,500,000 shares.
Before that, WEST STEVEN E had added 6,000 shares to its account. In a trade valued at $975,960, the Director bought Diamondback Energy Inc shares for $162.66 each. Upon closing the transaction, the insider’s holdings increased to 6,000 shares, worth approximately $1.73 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 -6.38%. Over the course of the year, Diamondback Energy Inc shares have dropped approximately -12.90%. Shares of the company reached a 52-week high of $180.91 on 01/17/25 and a 52-week low of $139.57 on 03/05/25. A 50-day SMA is recorded $163.70, while a 200-day SMA reached $181.67.
Support And Resistance Levels for Diamondback Energy Inc (FANG)
According to the 24-hour chart, there is a support level at 140.26, which, if violated, would cause prices to drop to 137.82. In the upper region, resistance lies at 144.45. The next price resistance is at 146.20. RSI (Relative Strength Index) is 30.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.91, which suggests the price will decrease in the coming days. Percent R is at 86.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
