Orion Group Holdings Awarded $18 Million Construction Contract
On June 13, Orion Group Holdings, Inc. (ORN) reported that the company has received an $18 million contract by the Port of Corpus Christi. Orion Group’s marine division will be responsible for the design, construction, and dredging of a new cement unloading dock on the Corpus Christi ship channel. The project is scheduled to begin in late 2018.
Sonal received the news and sent an alert to subscribers at 4:15 pm. The next trade was for $7.22 at 4:22 pm. The stock opened for regular market trading the next morning at $7.22 and rose to $7.92 on the event day. The stock price continued to rise over the next five trading sessions before closing at $8.14 on June 21. That gave investors the opportunity for a 12.7% return on their investment.
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