Published on 22 Nov 2022 on Market Watch
Devon Energy Corp. stock underperforms Tuesday when compared to competitors despite daily gains
Shares of Devon Energy Corp. advanced 2.05% to $68.57 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.36% to 4,003.58 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. The stock's rise snapped a four-day losing streak. Devon Energy Corp. closed $10.83 short of its 52-week high ($79.40), which the company achieved on June 9th.
The stock underperformed when compared to some of its competitors Tuesday, as BHP Group Ltd. ADR rose 2.64% to $58.75, ConocoPhillips rose 3.58% to $129.98, and EOG Resources Inc. rose 3.19% to $144.32. Trading volume (14.0 M) eclipsed its 50-day average volume of 11.3 M.