DJ Texas Pacific Land Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of Texas Pacific Land Corp. $(TPL)$ shed 7.67% to $1,255.72 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.65% to 44,713.58 and the S&P 500 Index falling 1.46% to 6,012.28.
This was the stock's fourth consecutive day of losses.
Texas Pacific Land Corp. closed 29.02% short of its 52-week high of $1,769.14, which the company reached on November 25th.
The stock underperformed when compared to some of its competitors Monday, as EOG Resources Inc. $(EOG)$ rose 0.11% to $131.96, Devon Energy Corp. $(DVN)$ fell 1.75% to $35.33, and Occidental Petroleum Corp. $(OXY)$ rose 0.55% to $49.56.
Trading volume (256,960) remained 10,426 below its 50-day average volume of 267,386.
Data source: Dow Jones Market Data, FactSet. Data compiled January 27, 2025.
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January 27, 2025 16:59 ET (21:59 GMT)
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