Parsons Corp – (PSN, +1, Aug 19th)
George Ball (CFO since 2008) purchased $874,000 of stock on the 16th August at $34.95, increasing his holding by 14%. His 3 previous buys since the company’s IPO in May 2019 at $27 have been well timed, most recently buying at $30.25 in November 2020. His record at Parsons, together with well-timed purchases at Cornerstone Building Brands (which we ranked +N on the 9th August as a result of a purchase by him), qualifies him as a “Smart Buyer”. All his purchases have been approximately this size and it’s encouraging that he continues to build his holding into strength.
We are ranking the stock +1