Diamondback Energy Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Diamondback Energy Inc. (FANG) slipped 0.35% to $134.21 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.00% to 3,997.34 and Dow Jones Industrial Average falling 2.06% to 33,129.59. This was the stock's fourth consecutive day of losses. Diamondback Energy Inc. closed $34.74 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 Tuesday, as EOG Resources Inc. (EOG) rose 0.68% to $119.23, Pioneer Natural Resources Co. (PXD) fell 1.45% to $205.94, and Devon Energy Corp. (DVN) rose 0.75% to $53.73. Trading volume (2.6 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 21, 2023.
(END) Dow Jones Newswires
February 21, 2023 16:54 ET (21:54 GMT)
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