Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Quanta Services, Inc. shares valued at $6,318,341 were sold by Studer Karl W on Aug 21 ’24. At $270.51 per share, Studer Karl W sold 23,357 shares. The insider’s holdings dropped to 10,631 shares worth approximately $2.89 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Studer Karl W purchased 15,538 shares, netting a total of over 4,205,099 in proceeds.
Before that, Karl W Studer had added 7,819 shares to its account. In a trade valued at $2,097,436, the Officer bought Quanta Services, Inc. shares for $268.25 each.
As published in their initiating research note from Jefferies on September 04, 2024, Quanta Services, Inc. [PWR] has been a Hold and the price target has been revised to $256. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of March 14, 2024, Truist has initiated its “Buy” rating for PWR. Earlier on February 27, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for PWR stock.
Analyzing PWR Stock Performance
During the last five days, there has been a surge of approximately 3.41%. Over the course of the year, Quanta Services, Inc. shares have jumped approximately 26.07%. Shares of the company reached a 52-week high of $286.87 on 05/28/24 and a 52-week low of $187.27 on 01/23/24. A 50-day SMA is recorded $260.88, while a 200-day SMA reached $244.41. Nevertheless, trading volume fell to 0.63 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Quanta Services, Inc. (PWR)
According to the 24-hour chart, there is a support level at 269.52, which, if violated, would cause prices to drop to 266.98. In the upper region, resistance lies at 277.04. The next price resistance is at 282.01. RSI (Relative Strength Index) is 57.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.83, which suggests the price will increase in the coming days. Percent R is at 22.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.