Primoris Services Corp’s recent filing unveils that its CHIEF ACCOUNTING OFFICER STRICKER TRAVIS L unloaded Company’s shares for reported $0.37 million on Dec 12 ’24. In the deal valued at $80.51 per share,4,583 shares were sold. As a result of this transaction, STRICKER TRAVIS L now holds 6,006 shares worth roughly $0.49 million.
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Then, STRICKER TRAVIS L bought 4,583 shares, generating $369,436 in total proceeds.
Before that, King David Lee sold 2,000 shares. Primoris Services Corp shares valued at $167,961 were divested by the Director at a price of $83.98 per share. As a result of the transaction, King David Lee now holds 23,818 shares, worth roughly $1.95 million.
KeyBanc Capital Markets initiated its Primoris Services Corp [PRIM] rating to an Overweight in a research note published on December 11, 2024; the price target was $96. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early October with a ‘”an Overweight”‘ rating. Goldman also remained covering PRIM and has increased its forecast on April 03, 2023 with a “Neutral” recommendation from previously “Sell” rating. Goldman revised its rating on November 11, 2021. It rated PRIM as “a Sell” which previously was an “a Neutral”.
Price Performance Review of PRIM
On Monday, Primoris Services Corp [NYSE:PRIM] saw its stock jump 3.10% to $81.86. Over the last five days, the stock has gained 4.17%. Primoris Services Corp shares have risen nearly 146.49% since the year began. Nevertheless, the stocks have risen 143.92% over the past one year. While a 52-week high of $84.97 was reached on 11/26/24, a 52-week low of $30.94 was recorded on 01/05/24. SMA at 50 days reached $73.02, while 200 days put it at $55.94.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 80.46, which if violated will result in even more drops to 79.05. On the upside, there is a resistance level at 82.58. A further resistance level may holdings at 83.29. The Relative Strength Index (RSI) on the 14-day chart is 58.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.19%. Stochastics %K at 38.63% 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 2024-11-29, growing by 99608.0 shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.64 million shares. There was a rise of 5.74%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2021 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $37 price target.
