Diamondback Energy Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Diamondback Energy Inc. (FANG) rose 3.99% to $130.62 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. This was the stock's second consecutive day of gains. Diamondback Energy Inc. closed $38.33 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 Tuesday, as EOG Resources Inc. (EOG) rose 3.01% to $108.62, Pioneer Natural Resources Co. (PXD) rose 4.52% to $195.34, and Devon Energy Corp. (DVN) rose 4.38% to $49.06. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 16:54 ET (20:54 GMT)
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