Primoris Services Corp’s recently made public that its PRESIDENT & CEO McCormick Thomas Edward unloaded Company’s shares for reported $3.94 million on Mar 17 ’25. In the deal valued at $64.10 per share,61,390 shares were sold. As a result of this transaction, McCormick Thomas Edward now holds 46,796 shares worth roughly $2.64 million.
Then, McCormick Thomas Edward bought 61,390 shares, generating $3,950,446 in total proceeds.
Before that, Kinch Jeremy sold 4,500 shares. Primoris Services Corp shares valued at $307,080 were divested by the COSO at a price of $68.24 per share. As a result of the transaction, Kinch Jeremy now holds 12,586 shares, worth roughly $0.71 million.
Piper Sandler initiated its Primoris Services Corp [PRIM] rating to an Overweight in a research note published on April 08, 2025; the price target was $75. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Guggenheim began covering PRIM with “Buy” recommendation on January 08, 2025. KeyBanc Capital Markets started covering the stock on December 11, 2024. It rated PRIM as “an Overweight”.
Price Performance Review of PRIM
On Thursday, Primoris Services Corp [NYSE:PRIM] saw its stock fall -2.23% to $56.45. Over the last five days, the stock has gained 0.05%. Primoris Services Corp shares have fallen nearly -26.11% since the year began. Nevertheless, the stocks have risen 26.80% over the past one year. While a 52-week high of $90.86 was reached on 01/22/25, a 52-week low of $42.82 was recorded on 04/07/25. SMA at 50 days reached $64.81, while 200 days put it at $65.58.
Levels Of Support And Resistance For PRIM Stock
The 24-hour chart illustrates a support level at 55.63, which if violated will result in even more drops to 54.80. On the upside, there is a resistance level at 57.81. A further resistance level may holdings at 59.16. The Relative Strength Index (RSI) on the 14-day chart is 41.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.43%. Stochastics %K at 72.74% 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 2025-03-31, growing by 0.12 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.12 million shares. There was a rise of 5.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 07, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $71 price target.
