Today's Pre-Market Mover With Heavy Volume: Diamondback Energy (FANG)

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Trade-Ideas LLC identified Diamondback Energy ( FANG) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Diamondback Energy as such a stock due to the following factors:

  • FANG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $90.3 million.
  • FANG traded 106,200 shares today in the pre-market hours as of 8:15 AM, representing 10.3% of its average daily volume.

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More details on FANG:

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. FANG has a PE ratio of 52.3. Currently there are 12 analysts that rate Diamondback Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Diamondback Energy has been 1.1 million shares per day over the past 30 days. Diamondback Energy has a market cap of $4.3 billion and is part of the basic materials sector and energy industry. Shares are up 60.2% year-to-date as of the close of trading on Friday.

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