Diamondback Energy Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains

First Republic Bank

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Financials : Banks | Small Cap Value

Company profile

First Republic Bank (the Bank) is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are gathering deposits, originating and servicing loans and investing in investment securities. The principal business activities of the Wealth Management segment include the investment management activities of First Republic Investment Management, Inc. (FRIM), which manages investments for individuals and institutions; money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC (FRSC) and its foreign exchange activities conducted on behalf of clients.

Diamondback Energy Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains

4:54 pm ET March 16, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Diamondback Energy Inc. (FANG) rallied 2.27% to $125.53 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. Diamondback Energy Inc. closed $43.42 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 Thursday, as EOG Resources Inc. (EOG) rose 2.96% to $104.48, Pioneer Natural Resources Co. (PXD) rose 2.55% to $186.49, and Devon Energy Corp. (DVN) rose 2.55% to $46.27. Trading volume (3.9 M) eclipsed its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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March 16, 2023 16:54 ET (20:54 GMT)