CEO Doubles Down Against the Technicals
Carey Smith just dropped $625,000 on Parsons shares at $49.97, even as the charts scream sell across every timeframe. The RSI sits oversold at 34, but momentum headwinds suggest more pain ahead. Smith's got a perfect 100% win rate on 90-day insider buys here, so he's reading something the algos aren't. This is a classic contrarian setup where the insider bet conflicts with technical reality.
The Filing
| Ticker | PSN |
| Company | PARSONS CORP |
| Insider | Carey Smith, President & CEO |
| Buy amount | $624,645 |
| Filing date | May 11, 2026 |
| Conviction | Interesting · 58/100 |
| Setup type | Contrarian Setup |
Ultimate members received this analysis in real time.