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 $368,957 were sold by STRICKER TRAVIS L on Dec 12 ’24. At $80.51 per share, STRICKER TRAVIS L sold 4,583 shares. The insider’s holdings dropped to 6,006 shares worth approximately $0.46 million following the completion of this transaction.
Also, STRICKER TRAVIS L purchased 4,583 shares, netting a total of over 369,436 in proceeds.
Before that, King David Lee had sold 2,000 shares from its account. In a trade valued at $167,961, the Director traded Primoris Services Corp shares for $83.98 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.82 million.
As published in their initiating research note from KeyBanc Capital Markets on December 11, 2024, Primoris Services Corp [PRIM] has been an Overweight and the price target has been revised to $96. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in early October. As of April 03, 2023, Goldman has increased its “Sell” rating to a “Neutral” for PRIM. Earlier on November 11, 2021, Goldman downgraded its rating. Their new recommendation was “a Sell” for PRIM stock which previously was a “a Neutral”.
Analyzing PRIM Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, Primoris Services Corp shares have jumped approximately 130.05%. Shares of the company reached a 52-week high of $84.97 on 11/26/24 and a 52-week low of $30.94 on 01/05/24. A 50-day SMA is recorded $76.59, while a 200-day SMA reached $57.89. Nevertheless, trading volume fell to 0.81 million shares from 0.58 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 75.63, which, if violated, would cause prices to drop to 74.86. In the upper region, resistance lies at 77.58. The next price resistance is at 78.76. RSI (Relative Strength Index) is 42.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.58, which suggests the price will decrease in the coming days. Percent R is at 83.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
