Diamondback Energy Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) shed 7.46% to $122.74 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. Diamondback Energy Inc. closed $46.21 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 Wednesday, as EOG Resources Inc. (EOG) fell 6.21% to $101.48, Pioneer Natural Resources Co. (PXD) fell 6.86% to $181.85, and Devon Energy Corp. (DVN) fell 8.33% to $45.12. Trading volume (5.7 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 16:55 ET (20:55 GMT)
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