FANG

Diamondback Energy closed at $189.27, down 1.64% from its previous close. The drop happened even as the broader market gained.

Diamondback Energy is down 11% year‑to‑date. Its 52‑week range tops out at $136.

MPLX LP has partnered with a pipeline rival. It also teamed up with two upstream rivals.

Energy businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of commodity prices and economic cycles, and the industry’s six-month return of 6.3% has fallen short of the S&P 500’s 14% rise.

An insider tied to Diamondback Energy sold more than 9 million shares. The sale totaled about $2 billion.