Primoris Services Corp’s recent filing unveils that 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 $8.32 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.
JP Morgan initiated its Primoris Services Corp [PRIM] rating to an Overweight in a research note published on October 07, 2024; the price target was $71. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early April from “a Sell” to “a Neutral”. Goldman also remained covering PRIM and has decreased its forecast on November 11, 2021 with a “Sell” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on July 16, 2021. It rated PRIM as “an Overweight”.
Price Performance Review of PRIM
On Monday, Primoris Services Corp [NYSE:PRIM] saw its stock jump 1.49% to $60.59. Over the last five days, the stock has gained 4.32%. Primoris Services Corp shares have risen nearly 82.45% since the year began. Nevertheless, the stocks have risen 97.30% over the past one year. While a 52-week high of $60.26 was reached on 10/07/24, a 52-week low of $28.96 was recorded on 01/05/24. SMA at 50 days reached $54.47, while 200 days put it at $46.54.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 59.44, which if violated will result in even more drops to 58.30. On the upside, there is a resistance level at 61.83. A further resistance level may holdings at 63.08. The Relative Strength Index (RSI) on the 14-day chart is 67.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.19%. Stochastics %K at 75.90% indicates the stock is a holding.
How much short interest is there in Primoris Services Corp?
A steep rise in short interest was recorded in Primoris Services Corp stocks on 2024-09-13, dropping by -0.13 million shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.49 million shares. There was a decline of -9.61%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 16, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $35 price target.
