0.55% +3.06

Texas Pacific Land Corporation (TPL)

Overview News Price History Financials Why TPL Down? Discussions Forecast Stock Split Dividend History

Why is Texas Pacific Land Corporation (TPL) Stock down?

We've noticed a 65.68% decline in Texas Pacific Land Corporation (TPL) stock during the 2024-03-27 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

04 Dec, 2023:

Shares of Texas Pacific Land Corporation (TPL) dropped by 8.54% from $1,746.28 to $1,597.16 in the trading on Monday, December 04, 2023. The reason why TPL is down today is due to a court ruling in favor of TPL in a legal dispute with an investor group regarding a proposal to increase authorized shares of common stock. The court ruled in favor of TPL, deeming the proposal approved by stockholders. TPL plans to use the newly authorized shares for a stock split as part of the plan. This development disappointed investors, leading to a decline in stock's price.