Tutor Perini Corp’s filing revealed that its Director KLEIN MICHAEL R unloaded Company’s shares for reported $3.57 million on May 16 ’24. In the deal valued at $19.41 per share,183,750 shares were sold. As a result of this transaction, KLEIN MICHAEL R now holds 25,226 shares worth roughly $0.52 million.
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Then, KLEIN MICHAEL R sold 181,155 shares, generating $3,621,288 in total proceeds. Upon selling the shares at $19.99, the Director now owns 208,976 shares.
Before that, SMALLEY GARY G. sold 15,940 shares. Tutor Perini Corp shares valued at $211,683 were divested by the President at a price of $13.28 per share. As a result of the transaction, SMALLEY GARY G. now holds 68,346 shares, worth roughly $1.4 million.
B. Riley Securities reiterated its Tutor Perini Corp [TPC] rating to a Buy in a research note published on February 28, 2022; the price target was $17. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Buy”‘ rating for it. DA Davidson also remained covering TPC and has increased its forecast on July 01, 2019 with a “Buy” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on May 09, 2019. It rated TPC as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of TPC
On Tuesday, Tutor Perini Corp [NYSE:TPC] saw its stock jump 2.19% to $20.51. Over the last five days, the stock has gained 5.13%. Tutor Perini Corp shares have risen nearly 125.38% since the year began. Nevertheless, the stocks have risen 250.60% over the past one year. While a 52-week high of $20.62 was reached on 05/15/24, a 52-week low of $5.24 was recorded on 01/19/24. SMA at 50 days reached $15.63, while 200 days put it at $10.30. A total of 0.39 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For TPC Stock
The 24-hour chart illustrates a support level at 20.08, which if violated will result in even more drops to 19.65. On the upside, there is a resistance level at 20.76. A further resistance level may holdings at 21.01. The Relative Strength Index (RSI) on the 14-day chart is 79.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.99%. Stochastics %K at 87.90% indicates the stock is a selling.
