Devon Energy stock nears 52-week high as call options heat up and oil turns lower
Devon Energy shares rose 2.93% to $37.92 Wednesday, nearing a 52-week high amid heavy trading. Options activity spiked, with over 6,900 call contracts at a $40 strike expiring Jan. 23. Oil prices fell more than 3% overnight after U.S. comments eased supply concerns. Devon’s Q4 earnings report is set for Feb. 17.