Primoris Services Corp’s recently made public 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 $0.39 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 $1.53 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 -2.57% to $64.32. Over the last five days, the stock has lost -12.51%. Primoris Services Corp shares have fallen nearly -15.81% since the year began. Nevertheless, the stocks have risen 65.22% over the past one year. While a 52-week high of $90.86 was reached on 01/22/25, a 52-week low of $37.00 was recorded on 02/24/25. SMA at 50 days reached $78.09, while 200 days put it at $63.70.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 63.09, which if violated will result in even more drops to 61.87. On the upside, there is a resistance level at 66.02. A further resistance level may holdings at 67.73. The Relative Strength Index (RSI) on the 14-day chart is 28.40, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.70%. Stochastics %K at 5.97% indicates the stock is a buying.
