DJ Texas Pacific Land Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of Texas Pacific Land Corp. $(TPL)$ shed 3.84% to $1,293.92 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 43,461.21 and the S&P 500 Index falling 0.50% to 5,983.25.
This was the stock's second consecutive day of losses.
Texas Pacific Land Corp. closed 26.86% short of 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 Monday, as EOG Resources Inc. $(EOG)$ rose 0.41% to $133.63, Devon Energy Corp. $(DVN)$ fell 0.48% to $37.31, and Occidental Petroleum Corp. $(OXY)$ fell 1.11% to $49.86.
Trading volume (120,858) remained 25,376 below its 50-day average volume of 146,234.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2025.
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February 24, 2025 17:00 ET (22:00 GMT)
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