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Shares of Diamondback Energy Inc. FANG rallied 3.57% to $128.02 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.42% to 4,130.29 and the Dow Jones Industrial Average DJIA rising 0.97% to 32,845.13. This was the stock's third consecutive day of gains. Diamondback Energy Inc. closed $34.22 below its 52-week high ($162.24), which the company reached on June 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Pioneer Natural Resources Co. PXD rose 3.62% to $236.95, Occidental Petroleum Corp. OXY rose 4.96% to $65.75, and Concho Resources Inc. CXO fell 6.02% to $65.60. Trading volume (2.4 M) remained 703,501 below its 50-day average volume of 3.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 29, 2022.
(END) Dow Jones Newswires
July 29, 2022 16:53 ET (20:53 GMT)
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