From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 50s
Primoris Services Drops 5.3% Amid Sector-Wide Selling
Engineering and construction stocks tumble as sector-wide selling drags down Primoris Services.
In brief
Engineering and construction stocks tumble as sector-wide selling drags down Primoris Services. Primoris Services dropped 5.3% to $80.43 after sector-wide selling impacted engineering and construction stocks. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Primoris Services Plunges
Primoris Services Corporation plunged 5.3% to $80.43 on Wednesday as a broad selloff swept across the engineering and construction sector.
Sector Peers Tumble
Seven sector peers also tumbled in tandem with GVA falling 6.0%, ROAD dropping 6.2%, and MYRG and TPC each declining 4.9%.
Market Capitalization Drops
Volume came in at 119,084 shares as the stock gave up ground, leaving Primoris with a market capitalization of $4.4 billion.
What to Watch Next
Investors should monitor whether this sector weakness persists or reverses in coming sessions.
What to remember
Primoris Services dropped 5.3% to $80.43 after sector-wide selling impacted engineering and construction stocks.
