The death of the CEO of Texas Pacific Land Corp.'s largest shareholder triggered a selloff in the company's shares on Thursday, rattling investors. The governance shock creates near-term uncertainty for the Texas landowner that has been drawing interest from technology firms seeking data-center sites, increasing downside risk to the stock.
The death of the CEO of Texas Pacific Land Corp.'s largest shareholder triggered a selloff in the company's shares on Thursday, rattling investors. The governance shock creates near-term uncertainty for the Texas landowner that has been drawing interest from technology firms seeking data-center sites, increasing downside risk to the stock.
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mildly negative
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-0.40
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