Diamondback Energy Inc. Stock Rises Friday, Outperforms Market
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Shares of Diamondback Energy Inc. (FANG) inched 0.55% higher to $142.38 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.05% to 3,970.04 and Dow Jones Industrial Average falling 1.02% to 32,816.92. This was the stock's third consecutive day of gains. Diamondback Energy Inc. closed $26.57 short of its 52-week high ($168.95), which the company reached on November 15th.
The stock outperformed some of its competitors Friday, as EOG Resources Inc. (EOG) fell 4.41% to $114.26, Pioneer Natural Resources Co. (PXD) fell 4.14% to $196.57, and Devon Energy Corp. (DVN) remained unchanged. Trading volume (2.2 M) remained 330,485 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2023.
(END) Dow Jones Newswires
February 24, 2023 16:54 ET (21:54 GMT)
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