Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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.
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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 drop of approximately -4.32%. Over the course of the year, Tutor Perini Corp shares have jumped approximately 189.89%. Shares of the company reached a 52-week high of $30.99 on 10/21/24 and a 52-week low of $7.83 on 01/19/24. A 50-day SMA is recorded $24.85, while a 200-day SMA reached $18.41. Nevertheless, trading volume fell to 0.62 million shares from 0.62 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 25.56, which, if violated, would cause prices to drop to 24.74. In the upper region, resistance lies at 27.80. The next price resistance is at 29.22. RSI (Relative Strength Index) is 48.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 82.75%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
