Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Parsons Corp shares valued at $470,131 were purchased by McMahon Harry T. on Feb 28 ’25. At $58.30 per share, McMahon Harry T. acquired 8,064 shares. The insider’s holdings grew to 45,953 shares worth approximately $3.07 million following the completion of this transaction.
As published in a research note from William Blair on February 21, 2025, Parsons Corp [PSN] has been rated down from an Outperform to a Mkt perform. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of February 18, 2025, William Blair has increased its “Mkt perform” rating to a “an Outperform” for PSN. Earlier on January 23, 2025, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for PSN stock which previously was a “an Outperform”.
Analyzing PSN Stock Performance
During the last five days, there has been a surge of approximately 2.75%. Over the course of the year, Parsons Corp shares have dropped approximately -27.52%. Shares of the company reached a 52-week high of $97.91 on 01/21/25 and a 52-week low of $54.56 on 03/04/25. A 50-day SMA is recorded $61.22, while a 200-day SMA reached $86.20.
Support And Resistance Levels for Parsons Corp (PSN)
According to the 24-hour chart, there is a support level at 64.15, which, if violated, would cause prices to drop to 61.44. In the upper region, resistance lies at 70.33. The next price resistance is at 73.81. RSI (Relative Strength Index) is 58.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.41, which suggests the price will increase in the coming days. Percent R is at 44.12%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
