2024-07-31 13:34:24 ET
Parsons (NYSE: PSN) has been one of the best under-the-radar stocks in the defense sector over the past five years, outpacing the S&P 500 .
The company kept that momentum going in the most recent quarter, easily topping expectations. Investors are rallying into the shares, sending Parsons stock up 15% as of noon ET.
Parsons provides tech-based solutions and consulting for the defense , intelligence, and critical infrastructure markets. The company has been publicly traded since 2019, and has been a highflier during its time since that initial public offering (IPO).
For further details see:
Why Parsons Stock Is Gaining Altitude Today