In a filing, Parsons Corp revealed its Director McMahon Harry T. acquired Company’s shares for reported $0.47 million on Feb 28 ’25. In the deal valued at $58.30 per share,8,064 shares were bought. As a result of this transaction, McMahon Harry T. now holds 45,953 shares worth roughly $3.11 million.
William Blair downgraded its Parsons Corp [PSN] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Hold”. William Blair also remained covering PSN and has increased its forecast on February 18, 2025 with a “an Outperform” recommendation from previously “Mkt perform” rating. William Blair revised its rating on January 23, 2025. It rated PSN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PSN
On Friday, Parsons Corp [NYSE:PSN] saw its stock jump 0.42% to $67.61. Over the last five days, the stock has gained 3.82%. Parsons Corp shares have fallen nearly -26.71% since the year began. Nevertheless, the stocks have fallen -14.76% over the past one year. While a 52-week high of $114.68 was reached on 01/21/25, a 52-week low of $54.56 was recorded on 03/04/25. SMA at 50 days reached $61.55, while 200 days put it at $86.37.
Levels Of Support And Resistance For PSN Stock
The 24-hour chart illustrates a support level at 66.82, which if violated will result in even more drops to 66.03. On the upside, there is a resistance level at 68.22. A further resistance level may holdings at 68.83. The Relative Strength Index (RSI) on the 14-day chart is 63.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.65%. Stochastics %K at 92.51% indicates the stock is a selling.
How much short interest is there in Parsons Corp?
A steep rise in short interest was recorded in Parsons Corp stocks on 2025-04-15, dropping by -2.07 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 6.6 million shares. There was a decline of -45.66%, which implies that there is a negative sentiment for the stock.
