ROAD Slides Pre-Market as Construction Partners Confronts Oil Price Issue
Construction Partners Inc. traded almost unchanged in early Tuesday action, sitting at $114.73 according to Google Finance, after closing Monday at $114.74, down 1.49%. The road builder dropped Monday as traders considered higher oil-linked costs and a backlog that remains strong. The timing is notable since there hasn’t been any new company release or SEC filing to move the story. The investor-relations page for Construction Partners still showed its most recent news was the May 8 fiscal Q2 report. The most recent 10-Q and 8-K filings were also dated May 8.