Texas Pacific Land Corporation’s recent filing unveils that its 10% Owner HORIZON KINETICS ASSET MANAGEM acquired Company’s shares for reported $4359.0 on Nov 21 ’24. In the deal valued at $1452.90 per share,3 shares were bought. As a result of this transaction, HORIZON KINETICS ASSET MANAGEM now holds 1,138,469 shares worth roughly $1.97 billion.
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Then, HORIZON KINETICS ASSET MANAGEM bought 3 shares, generating $4,280 in total proceeds. Upon buying the shares at $1426.83, the 10% Owner now owns 1,138,466 shares.
Before that, HORIZON KINETICS ASSET MANAGEM bought 3 shares. Texas Pacific Land Corporation shares valued at $4,220 were divested by the 10% Owner at a price of $1406.66 per share. As a result of the transaction, HORIZON KINETICS ASSET MANAGEM now holds 1,138,463 shares, worth roughly $1.97 billion.
Credit Suisse initiated its Texas Pacific Land Corporation [TPL] rating to an Underperform in a research note published on September 29, 2021; the price target was $800. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. BWS Financial began covering TPL with “Buy” recommendation on January 12, 2021. Stifel started covering the stock on January 09, 2020. It rated TPL as “a Buy”.
Price Performance Review of TPL
On Friday, Texas Pacific Land Corporation [NYSE:TPL] saw its stock jump 14.15% to $1730.00. Over the last five days, the stock has gained 27.21%. Texas Pacific Land Corporation shares have risen nearly 234.62% since the year began. Nevertheless, the stocks have risen 220.44% over the past one year. While a 52-week high of $1526.04 was reached on 11/22/24, a 52-week low of $461.25 was recorded on 02/02/24. SMA at 50 days reached $1,120.20, while 200 days put it at $781.63.
Levels Of Support And Resistance For TPL Stock
The 24-hour chart illustrates a support level at 1,628.08, which if violated will result in even more drops to 1,526.16. On the upside, there is a resistance level at 1,790.68. A further resistance level may holdings at 1,851.36. The Relative Strength Index (RSI) on the 14-day chart is 92.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 158.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.60%. Stochastics %K at 97.13% indicates the stock is a selling.
How much short interest is there in Texas Pacific Land Corporation?
A steep rise in short interest was recorded in Texas Pacific Land Corporation stocks on 2024-10-31, dropping by -0.1 million shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.37 million shares. There was a decline of -8.18%, which implies that there is a negative sentiment for the stock.
