Diamondback Energy Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) inched 0.04% higher to $163.55 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,828.11 and the Dow Jones Industrial Average rising 1.02% to 33,160.83. This was the stock's fourth consecutive day of gains. Diamondback Energy Inc. closed $2.12 short of its 52-week high ($165.67), which the company achieved on November 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Pioneer Natural Resources Co. (PXD) rose 0.52% to $259.25, Occidental Petroleum Corp. (OXY) fell 1.50% to $74.83, and Concho Resources Inc. fell 6.02% to $65.60. Trading volume (2.6 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 8, 2022.
(END) Dow Jones Newswires
November 08, 2022 16:53 ET (21:53 GMT)
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