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 $307,080 were sold by Kinch Jeremy on Mar 05 ’25. At $68.24 per share, Kinch Jeremy sold 4,500 shares. The insider’s holdings dropped to 12,586 shares worth approximately $0.83 million following the completion of this transaction.
Also, Cook Stephen C. sold 998 shares, netting a total of over 67,864 in proceeds. Following the sale of shares at $68.00 each, the insider now holds 7,377 shares.
Before that, Kinch Jeremy had added 4,500 shares to its account. In a trade valued at $307,071, the Officer bought Primoris Services Corp shares for $68.24 each.
As published in their initiating research note from Jefferies on March 11, 2025, Primoris Services Corp [PRIM] has been a Buy and the price target has been revised to $73. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of December 11, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for PRIM. Earlier on October 07, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for PRIM stock.
Analyzing PRIM Stock Performance
During the last five days, there has been a drop of approximately -3.72%. Over the course of the year, Primoris Services Corp shares have dropped approximately -14.03%. Shares of the company reached a 52-week high of $90.86 on 01/22/25 and a 52-week low of $58.46 on 03/10/25. A 50-day SMA is recorded $75.05, while a 200-day SMA reached $64.72.
Support And Resistance Levels for Primoris Services Corp (PRIM)
According to the 24-hour chart, there is a support level at 64.23, which, if violated, would cause prices to drop to 62.78. In the upper region, resistance lies at 67.28. The next price resistance is at 68.87. RSI (Relative Strength Index) is 42.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.54, which suggests the price will decrease in the coming days. Percent R is at 54.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
