Jun. 22 at 11:53 PM
$PSN I was also baffled by the price behavior of this stock.
What I saw is that Parsons by the end of 2025, partnering with IBM, bid on a very important contract, a
$12.5 billion FAA air traffic control modernization contract and lost to Peraton. At that time the price of the stock was in the 90s and dropped 21%. Since then, big institutions have been selling in waves every time the stock rallies. So... this small contracts are a way to bump the liquidity so that hedge funds can recover some of their original investment.
Also when seeing the sector, the infrastructure/engineering companies whose stocks are doing well are those involved in electrical grids and infrastructure linked to data centers. It seems that until the selloff of those institutions is not over, PSN will not have a natural and nice rally.