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. Tutor Perini Corp shares valued at $451,422 were purchased by Michael Klein on Aug 05 ’24. At $17.90 per share, Michael Klein acquired 25,220 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, TUTOR RONALD N sold 25,000 shares, netting a total of over 485,000 in proceeds. Following the sale of shares at $19.40 each, the insider now holds 2,387,267 shares.
Before that, Ariqat Ghassan had sold 11,855 shares from its account. In a trade valued at $232,595, the Executive Vice President traded Tutor Perini Corp shares for $19.62 each. Upon closing the transaction, the insider’s holdings decreased to 11,855 shares, worth approximately $0.0.
As published in a research note from UBS on June 14, 2024, Tutor Perini Corp [TPC] has been rated up from a Neutral to a Buy and the price target has been revised to $27 from $14. Analysts at B. Riley Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of November 05, 2020, B. Riley Securities has reiterated its “Buy” rating for TPC. Earlier on July 01, 2019, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for TPC stock which previously was a “a Neutral”.
Analyzing TPC Stock Performance
During the last five days, there has been a surge of approximately 11.62%. Over the course of the year, Tutor Perini Corp shares have jumped approximately 186.15%. Shares of the company reached a 52-week high of $26.88 on 07/24/24 and a 52-week low of $7.83 on 01/19/24. A 50-day SMA is recorded $22.63, while a 200-day SMA reached $16.14. Nevertheless, trading volume fell to 0.62 million shares from 0.42 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 25.09, which, if violated, would cause prices to drop to 24.15. In the upper region, resistance lies at 26.54. The next price resistance is at 27.05. RSI (Relative Strength Index) is 69.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.64, which suggests the price will increase in the coming days. Percent R is at 1.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.