In a filing, Primoris Services Corp revealed its Director Schauerman John P. unloaded Company’s shares for reported $1.48 million on Sep 19 ’24. In the deal valued at $59.25 per share,25,000 shares were sold. As a result of this transaction, Schauerman John P. now holds 137,281 shares worth roughly $8.12 million.
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Then, SCHAUERMAN FAMILY TRUST bought 25,000 shares, generating $1,481,334 in total proceeds.
Before that, Perisich John M. sold 4,391 shares. Primoris Services Corp shares valued at $242,958 were divested by the CHIEF LEGAL AND ADMIN OFFICER at a price of $55.33 per share. As a result of the transaction, Perisich John M. now holds 0 shares, worth roughly $0.0.
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 fall -0.40% to $59.12. Over the last five days, the stock has gained 8.28%. Primoris Services Corp shares have risen nearly 78.02% since the year began. Nevertheless, the stocks have risen 74.45% over the past one year. While a 52-week high of $59.69 was reached on 09/20/24, a 52-week low of $28.96 was recorded on 01/05/24. SMA at 50 days reached $53.54, while 200 days put it at $45.12.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 58.58, which if violated will result in even more drops to 58.04. On the upside, there is a resistance level at 59.96. A further resistance level may holdings at 60.81. The Relative Strength Index (RSI) on the 14-day chart is 66.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.60%. Stochastics %K at 89.40% indicates the stock is a selling.
How much short interest is there in Primoris Services Corp?
A steep rise in short interest was recorded in Primoris Services Corp stocks on 2024-08-30, dropping by -0.19 million shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.47 million shares. There was a decline of -14.89%, which implies that there is a negative sentiment for the stock.
