Diamondback Energy Inc. Stock Falls Friday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) slid 2.88% to $135.91 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's fifth consecutive day of losses. Diamondback Energy Inc. closed $33.04 short of its 52-week high ($168.95), which the company achieved on November 15th.
The stock underperformed when compared to some of its competitors Friday, as EOG Resources Inc. (EOG) fell 2.45% to $112.18, Pioneer Natural Resources Co. (PXD) fell 1.60% to $198.78, and Devon Energy Corp. (DVN) fell 2.30% to $51.76. Trading volume (2.1 M) remained 158,920 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 16:54 ET (21:54 GMT)
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