Diamondback Energy Inc. Stock Outperforms Market On Strong Trading Day

Forza X1 Inc

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FRZA Forza X1 Inc

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Company profile

Forza X1, Inc. is focused on the creation, implementation and sale of electric boats, utilizing its electric vehicle (EV) technology to control and power its boats and outboard electric motors. Its electric boats are designed as fully integrated electric boats, including the hull, outboard motor, and control system. The three main components of its electric boats are the fiberglass part of the boat, the motor that propels the boat, and the control system. It offers its EV products, services, and support through a Web-based and mobile phone application, which is a vertically integrated and a direct-to-consumer platform. It utilizes a Web-based and application platform to connect with customers for an end-to-end experience encompassing everything from buying, financing, delivering, servicing, and training. The Company’s two models, the FX1 Dual Console and FX1 Center Console, are designed to be 25-foot in length, and utilize a catamaran hull surface to reduce drag and increase run times.

Diamondback Energy Inc. Stock Outperforms Market On Strong Trading Day

4:54 pm ET February 22, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

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)