Diamondback Energy Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Diamondback Energy Inc. (FANG) rose 2.50% to $128.56 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.16% to 3,977.53 and the Dow Jones Industrial Average rising 0.60% to 32,432.08. The stock's rise snapped a three-day losing streak. Diamondback Energy Inc. closed $40.39 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 Monday, as EOG Resources Inc. (EOG) rose 2.74% to $108.38, Pioneer Natural Resources Co. (PXD) rose 1.14% to $194.42, and Devon Energy Corp. (DVN) rose 3.24% to $48.08. Trading volume (1.7 M) remained 795,584 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 2023.
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March 27, 2023 16:54 ET (20:54 GMT)
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