Diamondback Energy Inc. Stock Falls Thursday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) shed 2.24% to $144.70 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.09% to 4,076.57 and Dow Jones Industrial Average falling 0.56% to 34,395.01. The stock's fall snapped a two-day winning streak. Diamondback Energy Inc. closed $24.25 below its 52-week high ($168.95), which the company reached on November 15th.
The stock underperformed when compared to some of its competitors Thursday, as EOG Resources Inc. (EOG) fell 0.98% to $140.54, Pioneer Natural Resources Co. (PXD) rose 1.31% to $239.07, and Devon Energy Corp. (DVN) fell 0.35% to $68.28. Trading volume (2.2 M) remained 288,704 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.
(END) Dow Jones Newswires
December 01, 2022 16:59 ET (21:59 GMT)
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