Primoris Services Corp’s filing revealed that its Director Schauerman John P. unloaded Company’s shares for reported $0.27 million on May 23 ’24. In the deal valued at $53.20 per share,5,000 shares were sold. As a result of this transaction, Schauerman John P. now holds 187,281 shares worth roughly $10.24 million.
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Then, Schauerman John P. sold 10,000 shares, generating $529,083 in total proceeds. Upon selling the shares at $52.91, the Director now owns 192,281 shares.
Before that, Schauerman John P. sold 15,000 shares. Primoris Services Corp shares valued at $778,857 were divested by the Director at a price of $51.92 per share. As a result of the transaction, Schauerman John P. now holds 202,281 shares, worth roughly $11.06 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 Friday, Primoris Services Corp [NYSE:PRIM] saw its stock jump 2.71% to $54.67. Over the last five days, the stock has gained 5.46%. Primoris Services Corp shares have risen nearly 64.62% since the year began. Nevertheless, the stocks have risen 104.45% over the past one year. While a 52-week high of $53.68 was reached on 05/24/24, a 52-week low of $26.29 was recorded on 01/05/24. SMA at 50 days reached $46.07, while 200 days put it at $36.65. A total of 0.39 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 53.77, which if violated will result in even more drops to 52.87. On the upside, there is a resistance level at 55.15. A further resistance level may holdings at 55.64. The Relative Strength Index (RSI) on the 14-day chart is 78.17, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.91%. Stochastics %K at 92.47% indicates the stock is a selling.
