Director Ball George L. buys 10,000 PSN shares at $50.00 ($500.0K) amid cluster buy pattern; stock -42.8% from 52-week high
Ball George L., a Director at Parsons Corp, purchased 10,000 shares at $50.00 for a total of $500,000.00, bringing his post-transaction holdings to 150,383 shares. This purchase occurs with PSN trading near the lower end of its 52-week range of $48.23–$89.50, down -42.8% from the 52-week high and with a 30-day change of -8.7% and a 90-day change of -19.3%. Notably, 3 other insiders also bought shares within the past 14 days, forming a cluster buy pattern that is observable in the data. These purchases coincide with annual revenue growth of -5.7% and a current P/E of 24.01, presenting a backdrop of operational headwinds alongside the insider buying activity.