Primoris Services Corp’s filing revealed that its Director Schauerman John P. unloaded Company’s shares for reported $0.83 million on Mar 21 ’24. In the deal valued at $41.31 per share,20,000 shares were sold. As a result of this transaction, Schauerman John P. now holds 217,281 shares worth roughly $9.87 million.
Then, Schauerman John P. sold 20,000 shares, generating $812,240 in total proceeds. Upon selling the shares at $40.61, the Director now owns 237,281 shares.
Before that, King David Lee sold 2,500 shares. Primoris Services Corp shares valued at $101,714 were divested by the Director at a price of $40.69 per share. As a result of the transaction, King David Lee now holds 29,217 shares, worth roughly $1.33 million.
Goldman upgraded its Primoris Services Corp [PRIM] rating to a Neutral from a a Sell in a research note published on April 03, 2023; the price target was increased to $27 from $22.50. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid November from “a Neutral” to “a Sell”. Morgan Stanley began covering PRIM with “an Overweight” recommendation on July 16, 2021. Goldman started covering the stock on June 16, 2021. It rated PRIM as “a Neutral”.
Price Performance Review of PRIM
On Tuesday, Primoris Services Corp [NYSE:PRIM] saw its stock jump 2.04% to $45.41. Over the last five days, the stock has gained 2.00%. Primoris Services Corp shares have risen nearly 36.74% since the year began. Nevertheless, the stocks have risen 87.03% over the past one year. While a 52-week high of $47.87 was reached on 04/04/24, a 52-week low of $23.48 was recorded on 01/05/24. SMA at 50 days reached $41.57, while 200 days put it at $34.58. A total of 0.31 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 44.84, which if violated will result in even more drops to 44.26. On the upside, there is a resistance level at 45.73. A further resistance level may holdings at 46.04. The Relative Strength Index (RSI) on the 14-day chart is 61.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.71%. Stochastics %K at 43.59% indicates the stock is a holding.
