Diamondback Energy Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Diamondback Energy Inc. (FANG) shed 2.66% to $141.76 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.38% to 4,090.41 and Dow Jones Industrial Average falling 1.26% to 33,696.85. This was the stock's second consecutive day of losses. Diamondback Energy Inc. closed $27.19 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 2.64% to $125.14, Pioneer Natural Resources Co. (PXD) fell 2.05% to $216.37, and Devon Energy Corp. (DVN) fell 2.64% to $55.72. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 16, 2023.
(END) Dow Jones Newswires
February 16, 2023 16:53 ET (21:53 GMT)
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