Stock Track | Texas Pacific Land Soars 5.03% Intraday on Major Shareholder Acquisition

Stock Track02-21 01:34

Texas Pacific Land's stock soared 5.03% during intraday trading on Friday.

The surge followed news that Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land, reported acquiring additional common shares of the company. This increased investment by a significant shareholder is seen as a vote of confidence in the company's future, driving positive market sentiment.

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