Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.89 million following the completion of this transaction.
As published in a research note from Jefferies on May 05, 2025, Parsons Corp [PSN] has been rated down from a Buy to a Hold and the price target has been revised to $65. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of February 21, 2025, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for PSN. Earlier on February 21, 2025, TD Cowen downgraded its rating. Their new recommendation was “a Hold” for PSN stock which previously was a “a Buy”.
Analyzing PSN Stock Performance
During the last five days, there has been a drop of approximately -5.92%. Over the course of the year, Parsons Corp shares have dropped approximately -31.82%. 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 $61.38, while a 200-day SMA reached $85.82.
Support And Resistance Levels for Parsons Corp (PSN)
According to the 24-hour chart, there is a support level at 62.22, which, if violated, would cause prices to drop to 61.54. In the upper region, resistance lies at 63.42. The next price resistance is at 63.94. RSI (Relative Strength Index) is 47.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.75, which suggests the price will decrease in the coming days. Percent R is at 74.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
