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 $2,882,000 were sold by ONEGLIA RAYMOND R on Nov 21 ’24. At $28.82 per share, ONEGLIA RAYMOND R sold 100,000 shares. The insider’s holdings dropped to 300,000 shares worth approximately $7.37 million following the completion of this transaction.
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Also, ONEGLIA RAYMOND R sold 100,000 shares, netting a total of over 2,873,199 in proceeds. Following the sale of shares at $28.73 each, the insider now holds 400,000 shares.
Before that, ONEGLIA RAYMOND R had sold 50,000 shares from its account. In a trade valued at $1,434,000, the Director traded Tutor Perini Corp shares for $28.68 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $6.14 million.
As published in their initiating research note from Vertical Research on December 10, 2024, Tutor Perini Corp [TPC] has been a Buy and the price target has been revised to $38. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of February 28, 2022, B. Riley Securities has reiterated its “Buy” rating for TPC. Earlier on November 05, 2020, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for TPC stock.
Analyzing TPC Stock Performance
During the last five days, there has been a drop of approximately -9.60%. Over the course of the year, Tutor Perini Corp shares have jumped approximately 170.00%. 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 $27.60, while a 200-day SMA reached $21.93. Nevertheless, trading volume fell to 0.56 million shares from 0.48 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 23.63, which, if violated, would cause prices to drop to 22.70. In the upper region, resistance lies at 26.21. The next price resistance is at 27.85. RSI (Relative Strength Index) is 34.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 94.29%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
