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Shares of Diamondback Energy Inc. (FANG) slipped 3.67% to $157.55 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. The stock's fall snapped a four-day winning streak. Diamondback Energy Inc. closed $8.83 below its 52-week high ($166.38), which the company achieved on November 8th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Pioneer Natural Resources Co. (PXD) fell 6.75% to $241.74, Occidental Petroleum Corp. (OXY) fell 9.22% to $67.93, and Concho Resources Inc. fell 6.02% to $65.60.true Trading volume (2.8 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 16:53 ET (21:53 GMT)
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