Diamondback Energy Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Diamondback Energy Inc. (FANG) shed 1.92% to $123.12 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. Diamondback Energy Inc. closed $45.83 below its 52-week high ($168.95), which the company reached on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as EOG Resources Inc. (EOG) fell 1.66% to $102.75, Pioneer Natural Resources Co. (PXD) fell 2.38% to $182.05, and Devon Energy Corp. (DVN) fell 0.26% to $46.15. Trading volume (6.2 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:54 ET (20:54 GMT)
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