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Tutor Perini Corp [NYSE: TPC] Sees Increase in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tutor Perini Corp shares valued at $211,683 were sold by SMALLEY GARY G. on Mar 20 ’24. At $13.28 per share, SMALLEY GARY G. sold 15,940 shares. The insider’s holdings dropped to 68,346 shares worth approximately $1.15 million following the completion of this transaction.

Also, SMALLEY GARY G. sold 27,959 shares, netting a total of over 364,026 in proceeds. Following the sale of shares at $13.02 each, the insider now holds 84,286 shares.

Before that, SMALLEY GARY G. had sold 27,958 shares from its account. In a trade valued at $359,540, the President traded Tutor Perini Corp shares for $12.86 each. Upon closing the transaction, the insider’s holdings decreased to 27,958 shares, worth approximately $1.88 million.

As published in a research note from B. Riley Securities on February 28, 2022, Tutor Perini Corp [TPC] has been retained to a Buy and the price target has been revised to $17. Analysts at B. Riley Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. As of July 01, 2019, DA Davidson has increased its “Neutral” rating to a “Buy” for TPC. Earlier on May 09, 2019, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for TPC stock which previously was a “an Overweight”.

Analyzing TPC Stock Performance

During the last five days, there has been a surge of approximately 20.56%. Over the course of the year, Tutor Perini Corp shares have jumped approximately 84.29%. Shares of the company reached a 52-week high of $18.18 on 04/29/24 and a 52-week low of $7.83 on 01/19/24. A 50-day SMA is recorded $13.28, while a 200-day SMA reached $9.55. Nevertheless, trading volume fell to 0.73 million shares from 0.96 million shares the previous day.

Support And Resistance Levels for Tutor Perini Corp (TPC)

According to the 24-hour chart, there is a support level at 16.27, which, if violated, would cause prices to drop to 15.77. In the upper region, resistance lies at 17.12. The next price resistance is at 17.47. RSI (Relative Strength Index) is 67.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 28.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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