Diamondback Energy Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

Tennant Co

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Industrials : Machinery | Small Cap Blend

Company profile

Tennant Company is engaged in designing, manufacturing and marketing solutions. The Company’s products include floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and asset management solutions. Its products are used in factories and warehouses; distribution centers; office buildings; public venues, such as arenas and stadiums; schools and universities; hospitals and clinics and other. The Company markets its offerings under various brands: Tennant , Nobles , Alfa Uma Empresa Tennant, IRIS , VLX, IPC brands, Gaomei and Rongen brands, as well as private-label brands. The Company has manufacturing locations and operations in three geographic areas, including the Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).

Diamondback Energy Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

4:54 pm ET March 1, 2023 (MarketWatch) Print

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

Shares of Diamondback Energy Inc. (FANG) advanced 2.87% to $144.62 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 32,661.84 and the S&P 500 Index falling 0.47% to 3,951.39. Diamondback Energy Inc. closed $24.33 below its 52-week high ($168.95), which the company reached on November 15th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as EOG Resources Inc. (EOG) rose 4.42% to $118.01, Pioneer Natural Resources Co. (PXD) rose 2.50% to $205.43, and Devon Energy Corp. (DVN) rose 1.52% to $54.74. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 1, 2023.

(END) Dow Jones Newswires

March 01, 2023 16:54 ET (21:54 GMT)