Diamondback Energy Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) slipped 2.62% to $140.58 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.30% to 3,970.15 and Dow Jones Industrial Average falling 0.71% to 32,656.70. The stock's fall snapped a four-day winning streak. Diamondback Energy Inc. closed $28.37 short of its 52-week high ($168.95), which the company reached on November 15th.
The stock underperformed when compared to some of its competitors Tuesday, as EOG Resources Inc. (EOG) fell 1.51% to $113.02, Pioneer Natural Resources Co. (PXD) fell 0.77% to $200.41, and Devon Energy Corp. (DVN) fell 1.10% to $53.92. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2023.
(END) Dow Jones Newswires
February 28, 2023 16:57 ET (21:57 GMT)
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