Quanta Services, Inc.’s recent filing unveils that its President, Electric Power Studer Karl W unloaded Company’s shares for reported $6.32 million on Aug 21 ’24. In the deal valued at $270.51 per share,23,357 shares were sold. As a result of this transaction, Studer Karl W now holds 10,631 shares worth roughly $3.27 million.
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Then, Studer Karl W bought 15,538 shares, generating $4,205,099 in total proceeds.
Before that, Karl W Studer bought 7,819 shares. Quanta Services, Inc. shares valued at $2,097,436 were divested by the Officer at a price of $268.25 per share.
JP Morgan initiated its Quanta Services, Inc. [PWR] rating to a Neutral in a research note published on October 07, 2024; the price target was $297. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Jefferies began covering PWR with “Hold” recommendation on September 04, 2024. TD Cowen maintained its rating on August 08, 2024. It rated PWR as “a Buy”.
Price Performance Review of PWR
On Monday, Quanta Services, Inc. [NYSE:PWR] saw its stock jump 0.59% to $307.51. Over the last five days, the stock has gained 3.14%. Quanta Services, Inc. shares have risen nearly 42.50% since the year began. Nevertheless, the stocks have risen 82.79% over the past one year. While a 52-week high of $306.50 was reached on 10/07/24, a 52-week low of $153.74 was recorded on 01/23/24. SMA at 50 days reached $270.99, while 200 days put it at $250.58.
Levels Of Support And Resistance For PWR Stock
The 24-hour chart illustrates a support level at 303.14, which if violated will result in even more drops to 298.76. On the upside, there is a resistance level at 310.10. A further resistance level may holdings at 312.68. The Relative Strength Index (RSI) on the 14-day chart is 74.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.20%. Stochastics %K at 91.64% 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 2024-09-13, dropping by -0.44 million shares to a total of 3.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.2 million shares. There was a decline of -11.83%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $301 price target.
