Diamondback Energy Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) slid 1.19% to $136.56 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 33,597.92 and the S&P 500 Index falling 0.19% to 3,933.92. This was the stock's third consecutive day of losses. Diamondback Energy Inc. closed $32.39 below its 52-week high ($168.95), which the company achieved on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as EOG Resources Inc. (EOG) fell 1.28% to $126.16, Pioneer Natural Resources Co. (PXD) rose 1.43% to $229.38, and Devon Energy Corp. (DVN) rose 0.19% to $64.25. Trading volume (1.8 M) remained 670,429 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 7, 2022.
(END) Dow Jones Newswires
December 07, 2022 16:59 ET (21:59 GMT)
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