Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Primoris Services Corp shares valued at $3,935,120 were sold by McCormick Thomas Edward on Mar 17 ’25. At $64.10 per share, McCormick Thomas Edward sold 61,390 shares. The insider’s holdings dropped to 46,796 shares worth approximately $2.86 million following the completion of this transaction.
Also, McCormick Thomas Edward purchased 61,390 shares, netting a total of over 3,950,446 in proceeds.
Before that, Kinch Jeremy had sold 4,500 shares from its account. In a trade valued at $307,080, the COSO traded Primoris Services Corp shares for $68.24 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $0.77 million.
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 -5.70%. Over the course of the year, Primoris Services Corp shares have dropped approximately -20.14%. 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 $72.33, while a 200-day SMA reached $65.24.
Support And Resistance Levels for Primoris Services Corp (PRIM)
According to the 24-hour chart, there is a support level at 59.46, which, if violated, would cause prices to drop to 57.91. In the upper region, resistance lies at 63.81. The next price resistance is at 66.61. RSI (Relative Strength Index) is 37.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 71.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
