Parsons Corp’s recent filing unveils that 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 $3.0 million.
Jefferies downgraded its Parsons Corp [PSN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Neutral”. William Blair also remained covering PSN and has decreased its forecast on February 21, 2025 with a “Mkt perform” recommendation from previously “an Outperform” rating. TD Cowen revised its rating on February 21, 2025. It rated PSN as “a Hold” which previously was an “a Buy”.
Price Performance Review of PSN
On Tuesday, Parsons Corp [NYSE:PSN] saw its stock jump 0.32% to $65.30. Over the last five days, the stock has gained 4.13%. Parsons Corp shares have fallen nearly -29.21% since the year began. Nevertheless, the stocks have fallen -15.21% 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 $61.92, while 200 days put it at $85.54.
Levels Of Support And Resistance For PSN Stock
The 24-hour chart illustrates a support level at 64.82, which if violated will result in even more drops to 64.33. On the upside, there is a resistance level at 65.78. A further resistance level may holdings at 66.27. The Relative Strength Index (RSI) on the 14-day chart is 54.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.66%. Stochastics %K at 43.04% indicates the stock is a holding.
