Diamondback Energy Inc. Commmon Stock (FANG) Jumps 5.92% on January 28

Equities Staff |

Diamondback Energy Inc. Commmon Stock (FANG) was among the biggest gainers on the Russell 2000 for Thursday January 28 as the stock popped 5.92% to $72.31, representing a gain of $4.04 per share. Some 1.72 million shares traded hands on 18,004 trades, compared with an average daily volume of 1.32 million shares out of a total float of 66.7 million. The stock opened at $71.18 and traded with an intraday range of $73.49 to $70.10.

After today's gains, Diamondback Energy Inc. Commmon Stock reached a market cap of $4.82 billion. Diamondback Energy Inc. Commmon Stock has had a trading range between $85.82 and $55.48 over the last year, and it had a 50-day SMA of $70.10 and a 200-day SMA of $72.72.

Diamondback Energy Inc is an independent oil and natural gas company. It is currently engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

Diamondback Energy Inc. Commmon Stock is based out of Midrand, TX and has some 114 employees. Its CEO is Travis D. Stice.

For a complete fundamental analysis analysis of Diamondback Energy Inc. Commmon Stock, check out Equities.com’s Stock Valuation Analysis report for FANG. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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