Jim Cramer Highlights Why Primoris Services Stock Got Hit

Primoris Services Corporation (NYSE:PRIM) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Answering a caller’s query about the stock during the lightning round, Cramer said:

Yeah, okay, so this thing got hit because an executive resigned who was loved. There’s been insider buying versus executive resign. What that says to me is we can’t make a decision until we find out which one of those two is right. So let’s do more work, and that’s what we’re going to do.

Stock market data. Photo by Jakub Zerdzicki on Pexels

Primoris Services Corporation (NYSE:PRIM) provides infrastructure construction, installation, and replacement services, including the maintenance of electric, natural gas, and communication utility distribution systems. Additionally, it offers engineering and procurement solutions for the energy, renewable fuel, petrochemical, and transportation sectors.

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