Quanta Services, Inc.’s filing revealed that its EVP and General Counsel WAYNE DONALD unloaded Company’s shares for reported $0.29 million on Mar 27 ’24. In the deal valued at $261.94 per share,1,101 shares were sold. As a result of this transaction, WAYNE DONALD now holds 40,065 shares worth roughly $10.51 million.
Then, WAYNE DONALD sold 595 shares, generating $142,568 in total proceeds. Upon selling the shares at $239.61, the EVP and General Counsel now owns 41,954 shares.
Before that, WAYNE DONALD sold 904 shares. Quanta Services, Inc. shares valued at $218,596 were divested by the EVP and General Counsel at a price of $241.81 per share. As a result of the transaction, WAYNE DONALD now holds 43,225 shares, worth roughly $11.34 million.
Truist initiated its Quanta Services, Inc. [PWR] rating to a Buy in a research note published on March 14, 2024; the price target was $301. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late February has reiterated a ‘”an Outperform”‘ rating for it. Evercore ISI began covering PWR with “an Outperform” recommendation on February 13, 2024. KeyBanc Capital Markets revised its rating on January 10, 2024. It rated PWR as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of PWR
On Monday, Quanta Services, Inc. [NYSE:PWR] saw its stock fall -0.36% to $262.26. Over the last five days, the stock has gained 1.16%. Quanta Services, Inc. shares have risen nearly 21.53% since the year began. Nevertheless, the stocks have risen 64.00% over the past one year. While a 52-week high of $265.82 was reached on 04/04/24, a 52-week low of $153.74 was recorded on 01/23/24. SMA at 50 days reached $232.63, while 200 days put it at $203.38. A total of 0.53 million shares were traded, compared to the trading of 89312.0 shares in the previous session.
Levels Of Support And Resistance For PWR Stock
The 24-hour chart illustrates a support level at 260.53, which if violated will result in even more drops to 258.80. On the upside, there is a resistance level at 264.19. A further resistance level may holdings at 266.12. The Relative Strength Index (RSI) on the 14-day chart is 69.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.33%. Stochastics %K at 81.38% indicates the stock is a selling.
How much short interest is there in Quanta Services, Inc.?
A steep rise in short interest was recorded in Quanta Services, Inc. stocks on Mar 15, 2024, dropping by 90000.0 shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.39 million shares. There was a decline of -2.73%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.57% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.27.
