Diamondback Energy Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Diamondback Energy Inc. (FANG) slid 0.96% to $125.42 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,970.99 and the Dow Jones Industrial Average rising 0.41% to 32,237.53. This was the stock's third consecutive day of losses. Diamondback Energy Inc. closed $43.53 short of its 52-week high ($168.95), which the company reached on November 15th.
The stock underperformed when compared to some of its competitors Friday, as EOG Resources Inc. (EOG) rose 0.68% to $105.49, Pioneer Natural Resources Co. (PXD) rose 1.61% to $192.22, and Devon Energy Corp. (DVN) fell 0.32% to $46.57. Trading volume (2.4 M) remained 170,003 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2023.
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March 24, 2023 16:54 ET (20:54 GMT)
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