Shares of Diamondback Energy Inc. FANG inched 0.59% higher to $108.83 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. The stock's rise snapped a two-day losing streak. Diamondback Energy Inc. closed $5.27 below its 52-week high ($114.10), which the company achieved on October 11th.
The stock outperformed some of its competitors Thursday, as Pioneer Natural Resources Co. PXD rose 0.26% to $191.25, Occidental Petroleum Corp. OXY fell 0.90% to $31.99, and Concho Resources Inc. CXO fell 6.02% to $65.60. Trading volume (2.3 M) remained 208,891 below its 50-day average volume of 2.5 M.