Tutor Perini Corp’s recently made public that its Chairman & CEO TUTOR RONALD N unloaded Company’s shares for reported $3.84 million on Nov 11 ’24. In the deal valued at $30.72 per share,125,000 shares were sold. As a result of this transaction, TUTOR RONALD N now holds 3,257,313 shares worth roughly $96.81 million.
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Then, TUTOR RONALD N sold 50,000 shares, generating $1,539,159 in total proceeds. Upon selling the shares at $30.78, the Chairman & CEO now owns 2,362,267 shares.
Before that, Ronald N. Tutor bought 25,000 shares. Tutor Perini Corp shares valued at $800,500 were divested by the Affiliate at a price of $32.02 per share.
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 Monday, Tutor Perini Corp [NYSE:TPC] saw its stock jump 7.18% to $29.72. Over the last five days, the stock has lost -3.00%. Tutor Perini Corp shares have risen nearly 226.59% since the year began. Nevertheless, the stocks have risen 281.51% over the past one year. While a 52-week high of $34.55 was reached on 11/07/24, a 52-week low of $7.74 was recorded on 01/19/24. SMA at 50 days reached $26.86, while 200 days put it at $20.06.
Levels Of Support And Resistance For TPC Stock
The 24-hour chart illustrates a support level at 28.21, which if violated will result in even more drops to 26.70. On the upside, there is a resistance level at 30.59. A further resistance level may holdings at 31.46. The Relative Strength Index (RSI) on the 14-day chart is 56.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.55%. Stochastics %K at 31.12% indicates the stock is a holding.
How much short interest is there in Tutor Perini Corp?
A steep rise in short interest was recorded in Tutor Perini Corp stocks on 2024-10-31, dropping by -0.41 million shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.89 million shares. There was a decline of -27.61%, which implies that there is a negative sentiment for the stock.
