Devon Energy Corp. Stock Advances 3.3%, Outperforms Peers
Dow Jones2026/08/14 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Devon Energy Corp. rose 3.3% to $45.85 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.2% to 7,785.76 and Dow Jones Industrial Average falling 0.2% to 53,732.41.
The stock's rise snapped a two-day losing streak.
Devon Energy Corp. closed 13.0% below its 52-week high of $52.71, which the company achieved on March 30th.
The stock outperformed some of its peers, as EOG Resources Inc. rose 0.8% to $142.61, Occidental Petroleum Corp. rose 1.1% to $58.36, and Diamondback Energy Inc. rose 1.48% to $202.47.
Trading volume totaled 8.9 million, compared to the 50-day average of 12.7 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 14, 2026 16:35 ET (20:35 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hassett Downplays AI Debt Risk: The Industry Has Sufficient Funds, No Risk of Broad Sell-Off
Kevin Hassett, Director of the White House National Economic Council, stated that the recent substantial decline in technology stocks does not indicate a comprehensive sell-off risk for the AI industry. He acknowledged that some enterprises are indeed burdened with significant debt, which warrants attention. However, he also pointed out that there are many financially strong companies within the industry that hold both equity and debt in related firms; these companies may be poised to acquire or provide funding support when opportunities arise.
Tom Lee believes the sell-off in AI stocks has bottomed out
Mexican Peso roars back as Mexico's GDP surprise pushes USD/MXN lower
Crypto prices
More
