DJ Texas Pacific Land Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Texas Pacific Land Corp. $(TPL)$ slid 4.00% to $1,338.58 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.36% to 6,083.57 and the Dow Jones Industrial Average falling 0.28% to 44,747.63.
The stock's fall snapped a five-day winning streak.
Texas Pacific Land Corp. closed 24.34% below its 52-week high of $1,769.14, which the company achieved on November 25th.
The stock underperformed when compared to some of its competitors Thursday, as EOG Resources Inc. $(EOG)$ fell 0.80% to $126.68, Devon Energy Corp. $(DVN)$ fell 2.11% to $33.42, and Occidental Petroleum Corp. $(OXY)$ fell 0.80% to $46.98.
Trading volume (118,926) remained 155,018 below its 50-day average volume of 273,944.
Data source: Dow Jones Market Data, FactSet. Data compiled February 6, 2025.
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February 06, 2025 16:58 ET (21:58 GMT)
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