Oil Stocks- Cabot Oil & Gas Corp. stock falls Monday, underperforms market
Shares of Cabot Oil & Gas Corp.
slipped 2.42% to $16.96 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 0.02% to 4,127.99 and Dow Jones Industrial Average
falling 0.16% to 33,745.40. This was the stock’s sixth consecutive day of losses. Cabot Oil & Gas Corp. closed $5.71 below its 52-week high ($22.67), which the company reached on June 9th.
The stock underperformed when compared to some of its competitors Monday, as EOG Resources Inc.
fell 2.33% to $70.10. Trading volume (7.0 M) eclipsed its 50-day average volume of 5.9 M.