Diamondback Energy Inc’s recent filing unveils that its Director Tsuru Frank D. acquired Company’s shares for reported $0.31 million on Feb 28 ’25. In the deal valued at $156.51 per share,2,000 shares were bought. As a result of this transaction, Tsuru Frank D. now holds 5,730 shares worth roughly $0.8 million.
Then, Diamondback Energy, Inc. bought 12,500,000 shares, generating $50,000,000 in total proceeds. Upon buying the shares at $4.00, the Director now owns 14,500,000 shares.
Before that, WEST STEVEN E bought 6,000 shares. Diamondback Energy Inc shares valued at $975,960 were divested by the Director at a price of $162.66 per share. As a result of the transaction, WEST STEVEN E now holds 12,135 shares, worth roughly $1.7 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 jump 0.15% to $140.11. Over the last five days, the stock has lost -11.86%. Diamondback Energy Inc shares have fallen nearly -14.48% since the year began. Nevertheless, the stocks have fallen -21.19% over the past one year. While a 52-week high of $212.93 was reached on 01/17/25, a 52-week low of $138.94 was recorded on 03/06/25. SMA at 50 days reached $163.14, while 200 days put it at $181.11.
Levels Of Support And Resistance For FANG Stock
The 24-hour chart illustrates a support level at 138.36, which if violated will result in even more drops to 136.62. On the upside, there is a resistance level at 143.00. A further resistance level may holdings at 145.90. The Relative Strength Index (RSI) on the 14-day chart is 28.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.10%. Stochastics %K at 7.46% indicates the stock is a buying.
