DJ Texas Pacific Land Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Texas Pacific Land Corp. $(TPL)$ slid 1.63% to $1,096.33 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.04% to 42,342.24 and the S&P 500 Index falling 0.09% to 5,867.08.
This was the stock's third consecutive day of losses.
Texas Pacific Land Corp. closed $672.81 short of its 52-week high ($1,769.14), which the company reached on November 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as EOG Resources Inc. $(EOG)$ fell 1.18% to $118.22, Devon Energy Corp. $(DVN)$ fell 1.86% to $30.52, and Occidental Petroleum Corp. $(OXY)$ fell 1.43% to $45.36.
Trading volume (176,811) remained 64,716 below its 50-day average volume of 241,527.
Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2024.
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(END) Dow Jones Newswires
December 19, 2024 17:07 ET (22:07 GMT)
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