Published on 25 Jul 2022 on Market Watch
Shares of Devon Energy Corp. rallied 5.04% to $57.97 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.13% to 3,966.84 and the Dow Jones Industrial Average rising 0.28% to 31,990.04. The stock's rise snapped a two-day losing streak. Devon Energy Corp. closed $21.43 short of its 52-week high ($79.40), which the company reached on June 9th.
The stock outperformed some of its competitors Monday, as BHP Group Ltd. ADR rose 3.39% to $52.82, ConocoPhillips rose 4.45% to $92.05, and EOG Resources Inc. rose 4.44% to $105.48. Trading volume (8.4 M) remained 4.2 million below its 50-day average volume of 12.7 M.