Published on 28 Sep 2022 on Market Watch
Devon Energy Corp. stock rises Wednesday, outperforms market
Shares of Devon Energy Corp. rallied 6.91% to $60.05 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.97% to 3,719.04 and the Dow Jones Industrial Average rising 1.88% to 29,683.74. This was the stock's second consecutive day of gains. Devon Energy Corp. closed $19.35 short of its 52-week high ($79.40), which the company reached on June 9th.
The stock outperformed some of its competitors Wednesday, as BHP Group Ltd. ADR rose 3.36% to $50.13, ConocoPhillips rose 5.79% to $103.00, and EOG Resources Inc. rose 5.96% to $111.73. Trading volume (11.7 M) remained 14,965 below its 50-day average volume of 11.7 M.