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