Diamondback Energy Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Diamondback Energy Inc. (FANG) slipped 2.04% to $127.96 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Diamondback Energy Inc. closed $40.99 short of its 52-week high ($168.95), which the company reached on November 15th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as EOG Resources Inc. (EOG) fell 2.66% to $105.73, Pioneer Natural Resources Co. (PXD) fell 2.83% to $189.81, and Devon Energy Corp. (DVN) fell 2.65% to $47.76.true Trading volume (1.7 M) remained 826,106 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:54 ET (20:54 GMT)
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