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Shares of Diamondback Energy Inc. FANG rallied 4.24% to $123.29 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 2.62% to 4,023.61 and the Dow Jones Industrial Average DJIA rising 1.37% to 32,197.59. Diamondback Energy Inc. closed $38.95 below its 52-week high ($162.24), which the company achieved on June 8th.
The stock outperformed some of its competitors Wednesday, as Pioneer Natural Resources Co. PXD rose 3.64% to $226.54, Occidental Petroleum Corp. OXY rose 1.14% to $62.78, and Concho Resources Inc. CXO fell 6.02% to $65.60. Trading volume (2.0 M) remained 1.2 million below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 27, 2022.
(END) Dow Jones Newswires
July 27, 2022 16:52 ET (20:52 GMT)
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