Diamondback shares plunge after largest holder stock sale
Diamondback Energy shares fell about 8% after the largest shareholder sold nearly $2 billion worth of stock, per WSJ.
It was already a weak session for oil stocks, with crude prices falling and interest rates moving higher, when a large share sale by Diamondback Energy's biggest shareholder sent the Texas driller's stock down 8%, its worst day since April 2025. The seller disposed of nearly $2 billion of Di…