Diamondback Energy Inc. Stock Rises Tuesday, Outperforms Market
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Shares of Diamondback Energy Inc. (FANG) rallied 2.09% to $146.74 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.01% to 33,852.53 and the S&P 500 Index falling 0.16% to 3,957.63. The stock's rise snapped a three-day losing streak. Diamondback Energy Inc. closed $22.21 short of 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 Tuesday, as EOG Resources Inc. (EOG) rose 3.40% to $141.29, Pioneer Natural Resources Co. (PXD) rose 0.53% to $240.78, and Devon Energy Corp. (DVN) rose 1.46% to $67.50. Trading volume (2.1 M) remained 349,614 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 29, 2022.
(END) Dow Jones Newswires
November 29, 2022 17:00 ET (22:00 GMT)
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