RTTNews | Dec 15, 2021 12:20PM EST

12:20 Wednesday, December 15, 2021 (RTTNews.com) - Oklahoma-based oil and gas company, Devon Energy Corporation (DVN), is trading 5% lower in the market despite no stock-related news posted by the company to affect the stock.

The company usually explores, develops and produces oil and natural gas in the United States. It has around 4000 wells across the country. Since the start of the week, the stock has started to drop after rallying for two months. In the past three months, the stock has gained almost 36% in the market.

The stock is currently trading at $38.48, down $1.86 or 4.61% since the previous close at $40.34. The stock opened at $40.33 in the morning. In the 52-week period, the stock has ranged between $14.34 and $45.56 per share.

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