Best Stock on the Market

Long Position on TPC @ $14.10 on 3/3/2020 (Rumor)

Bullish Flag on $TPCTutor Perini Corporation (TPC) provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide.
The company operates through three segments: Civil, Building, and Specialty Contractors.
 
The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities. This segment also provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects.
 
The Building segment offers services in various specialized building markets, including hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, and industrial and high-tech.
 
The Specialty Contractors segment provides electrical, mechanical, plumbing, fire protection systems, and pneumatically placed concrete services, as well as heating, ventilation, and air conditioning services (HVAC) for the industrial, commercial, hospitality and gaming, and mass-transit end markets. It also offers general contracting, pre-construction planning, and project management services, including planning and scheduling of manpower, equipment, materials, and subcontractors; and self-performed construction services comprising site work, concrete forming and placement, steel erection, electrical, plumbing, HVAC, and mechanical. 
 
Shares have formed a bullish "flag" following market chatter that TPC is in talks to be sold. Last night, Tutor Perini Corporation (TPC) confirmed that a Special Committee of its Board of Directors comprised of independent directors, on behalf of the Company, is engaged in discussions regarding a potential transaction for the acquisition of Tutor Perini. 
 
Entry Point: $14.10
 
Trading Range: $9.24 to $20.37
 
Stop Loss: $13.50
 
Target Price: $15.95

Updates

5/7/2020 10:30:20 AM

TPC closed at $7.30

Position closed on 5/7/2020 at price of $7.30 with a -48.23% loss in 65 days.

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