DJ Texas Pacific Land Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Texas Pacific Land Corp. $(TPL)$ shed 4.16% to $1,287.49 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.58% to 5,663.94 and the Dow Jones Industrial Average rising 0.62% to 41,368.45.
The stock's fall snapped a two-day winning streak.
Texas Pacific Land Corp. closed 27.23% 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 Thursday, as EOG Resources Inc. $(EOG)$ rose 1.61% to $109.71, Devon Energy Corp. $(DVN)$ rose 5.41% to $31.93, and Occidental Petroleum Corp. $(OXY)$ rose 6.23% to $41.44.
Trading volume (181,229) eclipsed its 50-day average volume of 131,043.
Data source: Dow Jones Market Data, FactSet. Data compiled May 8, 2025.
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(END) Dow Jones Newswires
May 08, 2025 16:59 ET (20:59 GMT)
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