In a filing, Tutor Perini Corp revealed its Chairman & CEO TUTOR RONALD N unloaded Company’s shares for reported $0.48 million on Jun 13 ’24. In the deal valued at $19.40 per share,25,000 shares were sold. As a result of this transaction, TUTOR RONALD N now holds 2,387,267 shares worth roughly $52.35 million.
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Then, Ariqat Ghassan sold 11,855 shares, generating $232,595 in total proceeds. Upon selling the shares at $19.62, the Executive Vice President now owns 0 shares.
Before that, TUTOR RONALD N sold 49,282 shares. Tutor Perini Corp shares valued at $981,205 were divested by the Chairman & CEO at a price of $19.91 per share. As a result of the transaction, TUTOR RONALD N now holds 3,361,940 shares, worth roughly $73.73 million.
UBS upgraded its Tutor Perini Corp [TPC] rating to a Buy from a a Neutral in a research note published on June 14, 2024; the price target was increased to $27 from $14. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. B. Riley Securities also remained covering TPC and reiterated its “Buy” recommendation on November 05, 2020. DA Davidson revised its rating on July 01, 2019. It rated TPC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TPC
On Tuesday, Tutor Perini Corp [NYSE:TPC] saw its stock jump 0.18% to $21.93. Over the last five days, the stock has gained 3.35%. Tutor Perini Corp shares have risen nearly 140.99% since the year began. Nevertheless, the stocks have risen 232.27% over the past one year. While a 52-week high of $23.19 was reached on 05/31/24, a 52-week low of $6.31 was recorded on 01/19/24. SMA at 50 days reached $18.85, while 200 days put it at $11.72. A total of 0.34 million shares were traded, compared to the trading of 1.53 million shares in the previous session.
Levels Of Support And Resistance For TPC Stock
The 24-hour chart illustrates a support level at 21.58, which if violated will result in even more drops to 21.24. On the upside, there is a resistance level at 22.21. A further resistance level may holdings at 22.50. The Relative Strength Index (RSI) on the 14-day chart is 62.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.04%. Stochastics %K at 84.79% indicates the stock is a selling.
