Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tutor Perini Corp shares valued at $3,839,827 were sold by TUTOR RONALD N on Nov 11 ’24. At $30.72 per share, TUTOR RONALD N sold 125,000 shares. The insider’s holdings dropped to 3,257,313 shares worth approximately $91.86 million following the completion of this transaction.
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Also, TUTOR RONALD N sold 50,000 shares, netting a total of over 1,539,159 in proceeds. Following the sale of shares at $30.78 each, the insider now holds 2,362,267 shares.
Before that, Ronald N. Tutor had added 25,000 shares to its account. In a trade valued at $800,500, the Affiliate bought Tutor Perini Corp shares for $32.02 each.
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 -6.87%. Over the course of the year, Tutor Perini Corp shares have jumped approximately 209.89%. Shares of the company reached a 52-week high of $34.55 on 11/07/24 and a 52-week low of $7.83 on 01/19/24. A 50-day SMA is recorded $26.48, while a 200-day SMA reached $19.77. Nevertheless, trading volume fell to 0.92 million shares from 0.49 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 27.46, which, if violated, would cause prices to drop to 26.71. In the upper region, resistance lies at 29.42. The next price resistance is at 30.64. RSI (Relative Strength Index) is 51.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.27, which suggests the price will increase in the coming days. Percent R is at 70.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
