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Shares of Diamondback Energy Inc. FANG slid 2.19% to $113.43 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.93% to 3,961.63 and Dow Jones Industrial Average DJIA falling 0.43% to 31,899.29. This was the stock's second consecutive day of losses. Diamondback Energy Inc. closed $48.81 short of its 52-week high ($162.24), which the company achieved on June 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Pioneer Natural Resources Co. PXD fell 1.63% to $209.80, Occidental Petroleum Corp. OXY fell 1.52% to $61.06, and Concho Resources Inc. CXO fell 6.02% to $65.60. Trading volume (1.7 M) remained 1.5 million below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 22, 2022.
(END) Dow Jones Newswires
July 22, 2022 16:52 ET (20:52 GMT)
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