Diamondback Energy Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Diamondback Energy Inc. (FANG) advanced 2.54% to $164.35 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.92% to 3,992.93 and the Dow Jones Industrial Average rising 0.10% to 33,747.86. This was the stock's second consecutive day of gains. Diamondback Energy Inc. closed $2.03 below its 52-week high ($166.38), which the company achieved on November 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Pioneer Natural Resources Co. (PXD) rose 4.15% to $255.63, Occidental Petroleum Corp. (OXY) rose 5.46% to $74.33, and Concho Resources Inc. fell 6.02% to $65.60. Trading volume (2.7 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2022.
(END) Dow Jones Newswires
November 11, 2022 16:53 ET (21:53 GMT)
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