Director Sells $1.3 Million in Tutor Perini Stock
TPC sits 97% above its 52-week low of $36.22.
Summary
Director Robert C. Lieber sold $1.3 million in Tutor Perini common stock, representing a notable disposition amidst recent positive company developments.
Key Events · Ownership and Investor Activity · TPC
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Director Sells Shares
Director Robert C. Lieber disposed of 17,500 shares in an open market sale for a total of $1,318,800 at an average price of $75.36 per share.
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Gift Transaction
Lieber also gifted 7,500 shares of common stock to a charitable donor-advised fund.
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Contrasts Recent Insider Activity
This sale follows a period of net insider accumulation over the past 90 days, including significant purchases by the CEO and another director, and recent positive company news.
Analysis · TPC · Real Estate & Construction
Director Robert C. Lieber sold $1.3 million worth of common stock. This significant sale by a director, while a small percentage of the company's market cap, contrasts with recent positive news and insider accumulation, potentially raising questions about individual insider sentiment despite overall company strength.
At the time of this filing, TPC was trading at $71.40 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $36.22 to $100.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.