DJ Texas Pacific Land Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Texas Pacific Land Corp. $(TPL)$ plunged 12.25% to $1,220.98 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 4.84% to 5,396.52 and Dow Jones Industrial Average falling 3.98% to 40,545.93.
The stock's fall snapped a three-day winning streak.
Texas Pacific Land Corp. closed 30.98% below its 52-week high of $1,769.14, which the company achieved on November 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as EOG Resources Inc. $(EOG)$ fell 7.76% to $119.89, Devon Energy Corp. $(DVN)$ fell 12.55% to $33.16, and Occidental Petroleum Corp. $(OXY)$ fell 11.01% to $43.90.
Trading volume (181,001) eclipsed its 50-day average volume of 126,003.
Data source: Dow Jones Market Data, FactSet. Data compiled April 3, 2025.
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(END) Dow Jones Newswires
April 03, 2025 16:55 ET (20:55 GMT)
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