Published on 26 Sep 2022 on Market Watch
Devon Energy Corp. stock falls Monday, underperforms market
Shares of Devon Energy Corp. slipped 4.35% to $55.18 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.03% to 3,655.04 and Dow Jones Industrial Average falling 1.11% to 29,260.81. This was the stock's eighth consecutive day of losses. Devon Energy Corp. closed $24.22 below its 52-week high ($79.40), which the company achieved on June 9th.
The stock underperformed when compared to some of its competitors Monday, as BHP Group Ltd. ADR fell 2.86% to $47.47, ConocoPhillips fell 1.38% to $99.20, and EOG Resources Inc. fell 3.61% to $105.18. Trading volume (13.3 M) eclipsed its 50-day average volume of 11.6 M.