Diamondback Energy Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Diamondback Energy Inc. (FANG) slid 4.99% to $134.68 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.39% to 33,826.69 and the S&P 500 Index falling 0.28% to 4,079.09. This was the stock's third consecutive day of losses. Diamondback Energy Inc. closed $34.27 short of 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 Friday, as EOG Resources Inc. (EOG) fell 5.37% to $118.42, Pioneer Natural Resources Co. (PXD) fell 3.42% to $208.96, and Devon Energy Corp. (DVN) fell 4.29% to $53.33. Trading volume (3.9 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 17, 2023.
(END) Dow Jones Newswires
February 17, 2023 16:54 ET (21:54 GMT)
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