Diamondback Energy Inc. Stock Falls Monday, Still Outperforms Market
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Shares of Diamondback Energy Inc. (FANG) dropped 0.47% to $163.57 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.89% to 3,957.25 and Dow Jones Industrial Average falling 0.63% to 33,536.70. The stock's fall snapped a two-day winning streak. Diamondback Energy Inc. closed $2.91 below its 52-week high ($166.48), which the company reached on November 11th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Pioneer Natural Resources Co. (PXD) fell 0.07% to $255.44, Occidental Petroleum Corp. (OXY) fell 1.41% to $73.28, and Concho Resources Inc. fell 6.02% to $65.60. Trading volume (1.9 M) remained 487,916 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2022.
(END) Dow Jones Newswires
November 14, 2022 16:53 ET (21:53 GMT)
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