Tutor Perini Corp’s recent filing unveils that its Director ONEGLIA RAYMOND R unloaded Company’s shares for reported $2.88 million on Nov 21 ’24. In the deal valued at $28.82 per share,100,000 shares were sold. As a result of this transaction, ONEGLIA RAYMOND R now holds 300,000 shares worth roughly $7.29 million.
Then, ONEGLIA RAYMOND R sold 100,000 shares, generating $2,873,199 in total proceeds. Upon selling the shares at $28.73, the Director now owns 400,000 shares.
Before that, ONEGLIA RAYMOND R sold 50,000 shares. Tutor Perini Corp shares valued at $1,434,000 were divested by the Director at a price of $28.68 per share. As a result of the transaction, ONEGLIA RAYMOND R now holds 250,000 shares, worth roughly $6.08 million.
Vertical Research initiated its Tutor Perini Corp [TPC] rating to a Buy in a research note published on December 10, 2024; the price target was $38. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. B. Riley Securities also remained covering TPC and reiterated its “Buy” recommendation on February 28, 2022. B. Riley Securities maintained its rating on November 05, 2020. It rated TPC as “a Buy”.
Price Performance Review of TPC
On Tuesday, Tutor Perini Corp [NYSE:TPC] saw its stock jump 1.76% to $24.31. Over the last five days, the stock has lost -3.61%. Tutor Perini Corp shares have risen nearly 0.45% since the year began. Nevertheless, the stocks have risen 173.45% over the past one year. While a 52-week high of $34.55 was reached on 01/06/25, a 52-week low of $7.83 was recorded on 01/13/25. SMA at 50 days reached $26.74, while 200 days put it at $22.85.
Levels Of Support And Resistance For TPC Stock
The 24-hour chart illustrates a support level at 23.93, which if violated will result in even more drops to 23.56. On the upside, there is a resistance level at 24.69. A further resistance level may holdings at 25.08. The Relative Strength Index (RSI) on the 14-day chart is 42.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.16%. Stochastics %K at 30.84% 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 2024-12-31, growing by 76873.0 shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.0 million shares. There was a rise of 7.11%, which implies that there is a positive sentiment for the stock.
