Diamondback Energy Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Diamondback Energy Inc. (FANG) rose 2.29% to $137.29 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.16% to 3,991.05 and Dow Jones Industrial Average falling 0.26% to 33,045.09. The stock's rise snapped a four-day losing streak. Diamondback Energy Inc. closed $31.66 short of its 52-week high ($168.95), which the company reached on November 15th.
The stock outperformed some of its competitors Wednesday, as EOG Resources Inc. (EOG) fell 1.39% to $117.57, Pioneer Natural Resources Co. (PXD) fell 0.33% to $205.27, and Devon Energy Corp. (DVN) fell 0.26% to $53.59. Trading volume (3.6 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 22, 2023.
(END) Dow Jones Newswires
February 22, 2023 16:54 ET (21:54 GMT)
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