The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Primerica Inc shares valued at $455,757 were sold by Schneider Peter W. on Nov 25 ’24. At $303.84 per share, Schneider Peter W. sold 1,500 shares. The insider’s holdings dropped to 8,371 shares worth approximately $2.33 million following the completion of this transaction.
Also, PETER W SCHNEIDER purchased 1,500 shares, netting a total of over 452,595 in proceeds.
Before that, Williams Glenn J. had sold 3,000 shares from its account. In a trade valued at $903,821, the Chief Executive Officer traded Primerica Inc shares for $301.27 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $10.11 million.
As published in their initiating research note from TD Cowen on October 09, 2024, Primerica Inc [PRI] has been a Buy and the price target has been revised to $314. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of February 12, 2024, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for PRI. Earlier on April 13, 2023, Raymond James initiated its rating. Their recommendation was “a Strong buy” for PRI stock.
Analyzing PRI Stock Performance
During the last five days, there has been a surge of approximately 2.59%. Over the course of the year, Primerica Inc shares have jumped approximately 2.59%. Shares of the company reached a 52-week high of $279.82 on 01/06/25 and a 52-week low of $270.29 on 01/02/25. A 50-day SMA is recorded $285.88, while a 200-day SMA reached $254.92. Nevertheless, trading volume fell to 0.12 million shares from 0.14 million shares the previous day.
Support And Resistance Levels for Primerica Inc (PRI)
According to the 24-hour chart, there is a support level at 274.85, which, if violated, would cause prices to drop to 271.26. In the upper region, resistance lies at 280.35. The next price resistance is at 282.26. RSI (Relative Strength Index) is 49.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.45, which suggests the price will increase in the coming days. Percent R is at 9.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
