What is the Market's View on Primoris Services Corp (PRIM) Stock's Price and Volume Trends Tuesday?

Primoris Services Corp (PRIM) stock has risen 5.78% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Primoris Services Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PRIM!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PRIM Stock Today?

Primoris Services Corp (PRIM) stock has risen 5.12% while the S&P 500 is down -0.06% as of 2:31 PM on Tuesday, Feb 6. PRIM is higher by $1.73 from the previous closing price of $33.77 on volume of 350,705 shares. Over the past year the S&P 500 has risen 20.16% while PRIM is higher by 36.91%. PRIM earned $2.47 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.41.

More About Primoris Services Corp

Primoris Services is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Utility segment earns the majority of the revenue. Click Here to get the full Stock Report for Primoris Services Corp stock.