Granite Awarded $28 Million Light Rail Sub-Contract

Granite Construction (GVA) announced on October 30 that it received a $28 million design-build light rail sub-contract from Hensel Phelps. The project is for the light rail construction in Bellevue, Washington. Granite’s work will include site demolition, grading, utility installation, and paving.

 

Sonal caught the news and sent an alert at 5:30 pm. The market opened the next morning at $64.09. The stock price continued to rise over the next few trading sessions before closing at $66.68 on November 7. So, there was plenty of time for investors to trade the trend on this event.

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