Diamondback Energy in 2M-share secondary offering

|About: Diamondback Energy (FANG)|By:, SA News Editor

Diamondback Energy (FANG) announces a 2M-share public offering of common shares by certain selling stockholders, with an underwriters' option to purchase up to an additional 300K shares from the selling stockholders.

Gulfport Energy (GPOR) plans to sell 1M shares, as do entities controlled by Wexford Capital; FANG will receive no proceeds from the sale.

FANG, which has gained 73% YTD, -1.5% AH.