Diamondback Energy Inc. Stock Falls Monday, Underperforms Market

Panasonic Holdings Corp

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Consumer Discretionary : Household Durables | Large Cap Value
Based in Japan

Company profile

Panasonic Corporation is a Japan-based company engaged in the integrated electronics related business. The Company has four business segments. The Appliance segment is engaged in the development, manufacture and sale of products for home appliance, beauty, health and other business to consumer (BtoC) business, as well as devices, energy and other business to business (BtoB) business. The Eco Solutions segment is engaged in the development, manufacture and sale of electrical equipment, housing materials and other products for construction business. The Connected Solutions segment is engaged in the development, manufacture and sale of products for distribution, logistics, entertainment, public, avionics and manufacturing business. The Automotive and Industrial Systems segment is engaged in the development, manufacture and sale of products for automotive motorized systems business, as well as batteries and other BtoB business. The Company is also engaged in the sale of raw materials.

Diamondback Energy Inc. Stock Falls Monday, Underperforms Market

4:53 pm ET November 21, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Diamondback Energy Inc. (FANG) shed 3.99% to $149.99 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. This was the stock's second consecutive day of losses. Diamondback Energy Inc. closed $18.96 below its 52-week high ($168.95), which the company reached on November 15th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Pioneer Natural Resources Co. (PXD) fell 2.17% to $244.51, Occidental Petroleum Corp. (OXY) fell 2.33% to $69.59, and Concho Resources Inc. fell 6.02% to $65.60. Trading volume (4.4 M) eclipsed its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.

(END) Dow Jones Newswires

November 21, 2022 16:53 ET (21:53 GMT)