Primoris Services Corp’s filing revealed 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 $0.47 million.
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 $1.85 million.
Guggenheim initiated its Primoris Services Corp [PRIM] rating to a Buy in a research note published on January 08, 2025; the price target was $102. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. JP Morgan began covering PRIM with “an Overweight” recommendation on October 07, 2024. Goldman revised its rating on April 03, 2023. It rated PRIM as “a Neutral” which previously was an “a Sell”.
Price Performance Review of PRIM
On Friday, Primoris Services Corp [NYSE:PRIM] saw its stock fall -1.76% to $77.54. Over the last five days, the stock has gained 0.85%. Primoris Services Corp shares have risen nearly 1.49% since the year began. Nevertheless, the stocks have risen 143.00% over the past one year. While a 52-week high of $84.97 was reached on 01/06/25, a 52-week low of $31.22 was recorded on 01/07/25. SMA at 50 days reached $78.55, while 200 days put it at $59.02.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 76.54, which if violated will result in even more drops to 75.55. On the upside, there is a resistance level at 78.36. A further resistance level may holdings at 79.19. The Relative Strength Index (RSI) on the 14-day chart is 46.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.81%. Stochastics %K at 49.19% 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 2024-12-13, dropping by -0.18 million shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.85 million shares. There was a decline of -10.61%, which implies that there is a negative sentiment for the stock.
