DJ Texas Pacific Land Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Texas Pacific Land Corp. $(TPL)$ slid 4.69% to $1,304.98 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.78% to 5,738.52 and Dow Jones Industrial Average falling 0.99% to 42,579.08.
The stock's fall snapped a two-day winning streak.
Texas Pacific Land Corp. closed 26.24% 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 Thursday, as EOG Resources Inc. $(EOG)$ rose 0.28% to $122.19, Devon Energy Corp. $(DVN)$ rose 0.62% to $33.87, and Occidental Petroleum Corp. $(OXY)$ rose 0.44% to $45.71.
Trading volume (119,153) remained 19,171 below its 50-day average volume of 138,324.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2025.
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March 06, 2025 16:58 ET (21:58 GMT)
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