Oil Stocks- Cabot Oil & Gas Corp. stock falls Monday, underperforms market
Shares of Cabot Oil & Gas Corp.
sank 0.41% to $16.86 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 0.08% to 4,226.52 and Dow Jones Industrial Average
falling 0.36% to 34,630.24. Cabot Oil & Gas Corp. closed $5.81 short of its 52-week high ($22.67), which the company reached on June 9th.
Despite its losses, the stock outperformed some of its competitors Monday, as EOG Resources Inc.
fell 0.49% to $87.03. Trading volume (7.2 M) remained 1.6 million below its 50-day average volume of 8.9 M.