Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Primoris Services Corp shares valued at $1,481,332 were sold by Schauerman John P. on Sep 19 ’24. At $59.25 per share, Schauerman John P. sold 25,000 shares. The insider’s holdings dropped to 137,281 shares worth approximately $8.6 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, SCHAUERMAN FAMILY TRUST purchased 25,000 shares, netting a total of over 1,481,334 in proceeds.
Before that, Perisich John M. had sold 4,391 shares from its account. In a trade valued at $242,958, the CHIEF LEGAL AND ADMIN OFFICER traded Primoris Services Corp shares for $55.33 each. Upon closing the transaction, the insider’s holdings decreased to 4,391 shares, worth approximately $0.0.
As published in their initiating research note from JP Morgan on October 07, 2024, Primoris Services Corp [PRIM] has been an Overweight and the price target has been revised to $71. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of November 11, 2021, Goldman has decreased its “Neutral” rating to a “Sell” for PRIM. Earlier on July 16, 2021, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for PRIM stock.
Analyzing PRIM Stock Performance
During the last five days, there has been a surge of approximately 2.09%. Over the course of the year, Primoris Services Corp shares have jumped approximately 88.56%. Shares of the company reached a 52-week high of $64.36 on 10/30/24 and a 52-week low of $30.94 on 01/05/24. A 50-day SMA is recorded $57.79, while a 200-day SMA reached $49.18. Nevertheless, trading volume fell to 0.68 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Primoris Services Corp (PRIM)
According to the 24-hour chart, there is a support level at 61.77, which, if violated, would cause prices to drop to 60.91. In the upper region, resistance lies at 63.84. The next price resistance is at 65.05. RSI (Relative Strength Index) is 59.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 41.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
