Diamondback Energy Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) inched 0.84% higher to $132.64 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. The stock's rise snapped a six-day losing streak. Diamondback Energy Inc. closed $36.31 below its 52-week high ($168.95), which the company achieved on November 15th.
The stock outperformed some of its competitors Tuesday, as EOG Resources Inc. (EOG) rose 0.09% to $109.20, Pioneer Natural Resources Co. (PXD) fell 0.06% to $195.24, and Devon Energy Corp. (DVN) rose 0.26% to $49.22. Trading volume (2.6 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:35 ET (00:35 GMT)
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