Diamondback Energy Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Diamondback Energy Inc. (FANG) slipped 1.04% to $126.63 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. This was the stock's second consecutive day of losses. Diamondback Energy Inc. closed $42.32 short of 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 Thursday, as EOG Resources Inc. (EOG) fell 0.90% to $104.78, Pioneer Natural Resources Co. (PXD) fell 0.33% to $189.18, and Devon Energy Corp. (DVN) fell 2.18% to $46.72. Trading volume (1.9 M) remained 640,080 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 16:54 ET (20:54 GMT)
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