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Tutor Perini Shares Fall on Carson Block's Short Position

Shares of the construction contractor moved lower after the short seller unveiled his bearish stake.

Shares of Tutor Perini (TPC) - Get Tutor Perini Corporation Report tanked Thursday after short seller Carson Block unveiled his latest short position in the company at the Sohn San Francisco Investment Conference. Block noted "aggressive" accounting from the Los Angeles-based construction contractor. He added that there has been little fundamental changes in the company's fundamentals since it traded about $6 below its current $21 prices, and that the Tutor Perini's accounting could be misleading. Tutor Perini shares are up about 24% so far on the year.

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