Diamondback Energy Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) slipped 0.18% to $142.49 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. This was the stock's third consecutive day of losses. Diamondback Energy Inc. closed $26.46 short of its 52-week high ($168.95), which the company achieved on November 15th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as EOG Resources Inc. (EOG) fell 0.36% to $117.83, Pioneer Natural Resources Co. (PXD) fell 0.97% to $204.32, and Devon Energy Corp. (DVN) fell 0.96% to $54.50.true Trading volume (2.5 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 16:54 ET (21:54 GMT)
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