Shares of Diamondback Energy Inc. dropped 12.68%, closing at $123.37 on Friday, amidst a broadly unfavorable day for the stock market. The S&P 500 Index declined 5.97% to reach 5,074.08, while the Dow Jones Industrial Average fell 5.50% to finish at 38,314.86.
The stock experienced losses for the second day in a row.
Diamondback Energy Inc. finished at 42.48% less than its 52-week peak of $214.50, a level the firm reached on July 17th.
On Friday, the stock lagged behind several peers, with shares of EOG Resources Inc. dropping 7.79% to close at $110.55, Devon Energy Corp. declining 11.61% to finish at $29.31, and Occidental Petroleum Corp. decreasing 7.65% to end up at $40.54.
The trading volume (5.4M) surpassed its 50-day average volume of 2.7M.
Editor's Note: This narrative was automatically generated by Automated Insights , an automation technology company, utilizing information from Dow Jones and FactSet. Check out our guidelines for using market data.
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