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Shares of Diamondback Energy Inc. (FANG) shed 2.67% to $138.21 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.44% to 3,941.26 and Dow Jones Industrial Average falling 1.03% to 33,596.34. This was the stock's second consecutive day of losses. Diamondback Energy Inc. closed $30.74 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 Tuesday, as EOG Resources Inc. (EOG) fell 4.73% to $127.79, Pioneer Natural Resources Co. (PXD) fell 1.84% to $226.14, and Devon Energy Corp. (DVN) fell 3.64% to $64.13. Trading volume (2.0 M) remained 466,222 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 6, 2022.
(END) Dow Jones Newswires
December 06, 2022 16:59 ET (21:59 GMT)
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