Insider at Primoris Services (PRIM) Makes Significant Sale of Stock

Thursday, December 28, 2017 10:15 PM ET

Insider at Primoris Services (PRIM) Makes Significant Sale of Stock

One Primoris Services insider John P Schauerman, Director, today, sold 50,000 shares having a market value of approximately $1,400,000, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 13,057 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 63,057 shares and have averaged 21,019 shares per transaction over this time period.

The number of insider buy/sell trades at Primoris Services is above that of the 41 peer company average over the last 90-day period. The Construction & Engineering peer group saw 28 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by Primoris Services insiders is lower than its peers. Within the peer group there were 2,000 shares purchased and 7,473,972 shares sold with company insiders disposing of 266,856 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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