Primoris Services Corp’s recent filing unveils that its COSO Kinch Jeremy unloaded Company’s shares for reported $0.31 million on Mar 05 ’25. In the deal valued at $68.24 per share,4,500 shares were sold. As a result of this transaction, Kinch Jeremy now holds 12,586 shares worth roughly $0.85 million.
Then, Cook Stephen C. sold 998 shares, generating $67,864 in total proceeds. Upon selling the shares at $68.00, the Director now owns 7,377 shares.
Before that, Kinch Jeremy bought 4,500 shares. Primoris Services Corp shares valued at $307,071 were divested by the Officer at a price of $68.24 per share.
Jefferies initiated its Primoris Services Corp [PRIM] rating to a Buy in a research note published on March 11, 2025; the price target was $73. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. KeyBanc Capital Markets began covering PRIM with “an Overweight” recommendation on December 11, 2024. JP Morgan started covering the stock on October 07, 2024. It rated PRIM as “an Overweight”.
Price Performance Review of PRIM
On Friday, Primoris Services Corp [NYSE:PRIM] saw its stock jump 2.83% to $67.17. Over the last five days, the stock has gained 5.90%. Primoris Services Corp shares have fallen nearly -12.08% since the year began. Nevertheless, the stocks have risen 64.55% over the past one year. While a 52-week high of $90.86 was reached on 01/22/25, a 52-week low of $39.63 was recorded on 03/10/25. SMA at 50 days reached $74.61, while 200 days put it at $64.84.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 66.01, which if violated will result in even more drops to 64.85. On the upside, there is a resistance level at 67.92. A further resistance level may holdings at 68.67. The Relative Strength Index (RSI) on the 14-day chart is 45.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.12%. Stochastics %K at 47.87% 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 2025-02-28, growing by 0.4 million shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.71 million shares. There was a rise of 19.07%, which implies that there is a positive sentiment for the stock.
