Diamondback Energy Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Diamondback Energy Inc. (FANG) rallied 1.76% to $161.78 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. Diamondback Energy Inc. closed $7.17 below its 52-week high ($168.95), which the company achieved on November 15th.
The stock outperformed some of its competitors Thursday, as Pioneer Natural Resources Co. (PXD) rose 0.96% to $256.56, Occidental Petroleum Corp. (OXY) fell 0.65% to $71.46, and Concho Resources Inc. fell 6.02% to $65.60. Trading volume (2.0 M) remained 351,678 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 16:53 ET (21:53 GMT)
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