Diamondback Energy Inc. Stock Rises Wednesday, Outperforms Market

Power Corporation of Canada

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Financials : Insurance | Large Cap Value
Based in Canada

Company profile

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company’s reportable segments include Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.

Diamondback Energy Inc. Stock Rises Wednesday, Outperforms Market

4:53 pm ET October 26, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Diamondback Energy Inc. (FANG) rose 1.32% to $155.38 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.01% to 31,839.11 and the S&P 500 Index falling 0.74% to 3,830.60. This was the stock's eighth consecutive day of gains. Diamondback Energy Inc. closed $6.86 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 Wednesday, as Pioneer Natural Resources Co. (PXD) rose 0.25% to $265.49, Occidental Petroleum Corp. (OXY) rose 2.01% to $72.52, and Concho Resources Inc. fell 6.02% to $65.60. Trading volume (1.7 M) remained 714,618 below its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 26, 2022.

(END) Dow Jones Newswires

October 26, 2022 16:53 ET (20:53 GMT)