Diamondback Energy Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Diamondback Energy Inc. (FANG) shed 1.79% to $139.94 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. This was the stock's fourth consecutive day of losses. Diamondback Energy Inc. closed $29.01 below its 52-week high ($168.95), which the company achieved on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as EOG Resources Inc. (EOG) fell 2.40% to $115.00, Pioneer Natural Resources Co. (PXD) fell 1.13% to $202.02, and Devon Energy Corp. (DVN) fell 2.79% to $52.98. Trading volume (1.7 M) remained 575,384 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 16:54 ET (21:54 GMT)
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