Diamondback Energy Inc. Stock Falls Monday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) slid 2.19% to $143.55 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.07% to 4,048.42 and the Dow Jones Industrial Average rising 0.12% to 33,431.44. Diamondback Energy Inc. closed $25.40 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 Monday, as EOG Resources Inc. (EOG) fell 0.71% to $120.91, Pioneer Natural Resources Co. (PXD) fell 0.11% to $209.59, and Devon Energy Corp. (DVN) fell 0.32% to $56.49. Trading volume (2.2 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2023.
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March 06, 2023 16:54 ET (21:54 GMT)
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