Diamondback Energy Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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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.
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March 16, 2023 16:54 ET (20:54 GMT)
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