Diamondback Energy Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) shed 3.51% to $158.98 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.83% to 3,958.79 and Dow Jones Industrial Average falling 0.12% to 33,553.83. Diamondback Energy Inc. closed $9.97 short of its 52-week high ($168.95), which the company achieved on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Pioneer Natural Resources Co. (PXD) fell 3.16% to $254.11, Occidental Petroleum Corp. (OXY) fell 3.36% to $71.93, and Concho Resources Inc. fell 6.02% to $65.60. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2022.
(END) Dow Jones Newswires
November 16, 2022 16:53 ET (21:53 GMT)
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