The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Texas Pacific Land Corporation shares valued at $1,253 were purchased by HORIZON KINETICS ASSET MANAGEM on Jan 07 ’25. At $1252.93 per share, HORIZON KINETICS ASSET MANAGEM acquired 1 shares. The insider’s holdings grew to 1,168,024 shares worth approximately $1.49 billion following the completion of this transaction.
Also, HORIZON KINETICS ASSET MANAGEM purchased 1 shares, netting a total of over 1,224 in proceeds. Following the buying of shares at $1224.12 each, the insider now holds 1,168,050 shares.
Before that, STAHL MURRAY had added 1 shares to its account. In a trade valued at $1,219, the Director bought Texas Pacific Land Corporation shares for $1219.30 each. Upon closing the transaction, the insider’s holdings increased to 1 shares, worth approximately $1.48 billion.
As published in their initiating research note from Credit Suisse on September 29, 2021, Texas Pacific Land Corporation [TPL] has been an Underperform and the price target has been revised to $800. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of January 12, 2021, BWS Financial has initiated its “Buy” rating for TPL. Earlier on January 09, 2020, Stifel initiated its rating. Their recommendation was “a Buy” for TPL stock.
Analyzing TPL Stock Performance
During the last five days, there has been a surge of approximately 15.37%. Over the course of the year, Texas Pacific Land Corporation shares have jumped approximately 15.37%. Shares of the company reached a 52-week high of $1,292.51 on 01/07/25 and a 52-week low of $1,119.23 on 01/02/25. A 50-day SMA is recorded $1,302.48, while a 200-day SMA reached $896.28. Nevertheless, trading volume fell to 0.18 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for Texas Pacific Land Corporation (TPL)
According to the 24-hour chart, there is a support level at 1,247.43, which, if violated, would cause prices to drop to 1,218.91. In the upper region, resistance lies at 1,297.03. The next price resistance is at 1,318.11. RSI (Relative Strength Index) is 55.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 87.76, which suggests the price will increase in the coming days. Percent R is at 8.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
