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Diamondback Energy Surges to 265th in Trading Volume with $366 Million Day Despite Stock Decline

Market BriefThursday, May 15, 2025 8:04 pm ET

1min read

On May 15, 2025, Diamondback Energy (FANG) saw a trading volume of $366 million, marking a 55.64% increase from the previous day. This surge placed the company at the 265th position in terms of trading volume for the day. However, the stock price of Diamondback Energy (FANG) declined by 1.98%, marking the second consecutive day of decline, with a total decrease of 2.89% over the past two days.

On May 12, Diamondback Energy's president, Kaes Van’t Hof, sold 10,000 common shares of the company at a price of $142.6903 per share. This transaction is part of regular insider trading activities.

Diamondback Energy's stock is currently trading below the mean price target of $183.11. The highest price target on the Street is $234, suggesting a potential upside of 66.8%.

Diamondback Energy's CEO, Travis Stice, has emphasized the importance of buybacks at current levels, indicating the company's confidence in its stock value.

Piper Sandler recently adjusted its target price for Diamondback Energy shares from $240.00 to $234.00, maintaining an "overweight" rating on the stock.

Focus Partners Wealth increased its stake in Diamondback Energy by 3.3% during the fourth quarter, reflecting a growing interest in the company's stock.

Bruce Berkowitz, a prominent investor, added Diamondback Energy to his portfolio, indicating a strategic move towards the energy sector.

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