Stock News Spotlight: Parsons Corporation (NYSE:PSN)

Parsons Corporation (NYSE:PSN) stock identified change of 42.24% away from 52-week low price and recently located move of -22.71% off 52-week high price. It has market worth of $3.50B. PSN stock has been recorded 1.09% away from 50 day moving average and -6.43% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.87% off 20-day moving average.

On Sept. 21, 2020, Parsons Corporation (NYSE:PSN) has been selected for three task orders totaling $69 million under the company’s Global Application Research, Development, Engineering, and Maintenance (GARDEM) indefinite delivery/indefinite quantity (IDIQ) contract with the Air Force Research Laboratory (AFRL). The task orders are expected to be awarded in 2020.

All contracts are three-year efforts that deliver worldwide on-site mission support and software application enhancements to the AFRL’s operational command and control, situational awareness, and space capabilities. Parsons has provided mission support to the AFRL for more than 20 years.

We look forward to continue delivering valuable operational capabilities and research that enhance the AFRL’s discovery, development, and delivery of warfighting technologies across the all-domain battlespace, said Rich Trentman, Parsons GARDEM program manager. Parsons’ integrated, cross-spectrum approach in fusion, data mining, visualization, geospatial, and cloud computing provide fast, affordable, and tailorable solutions to combat operators around the world.

The Industrials sector company, Parsons Corporation noticed change of -1.79% to $35.09 along volume of 1181562 shares in recent session compared to an average volume of 468.41K. The stock observed return of -3.01% in 5 days trading activity. The stock was at 4.97% over one month performance. PSN’s shares are at -6.08% for the quarter and driving a 0.46% return over the course of the past year and is now at -15.00% since this point in 2018.

The average volatility for the week at 3.11% and for month was at 3.04%. There are 100.70M shares outstanding and 23.35M shares are floated in market.

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