In a filing, Quanta Services, Inc revealed 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 $3.64 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.
Daiwa Securities initiated its Quanta Services, Inc [PWR] rating to an Outperform in a research note published on December 06, 2024; the price target was $355. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Buy”‘ rating for it. JP Morgan began covering PWR with “Neutral” recommendation on October 07, 2024. Wolfe Research started covering the stock on September 19, 2024. It rated PWR as “an Outperform”.
Price Performance Review of PWR
On Monday, Quanta Services, Inc [NYSE:PWR] saw its stock jump 1.45% to $342.50. Over the last five days, the stock has gained 6.37%. Quanta Services, Inc shares have risen nearly 58.71% since the year began. Nevertheless, the stocks have risen 58.71% over the past one year. While a 52-week high of $350.19 was reached on 11/26/24, a 52-week low of $187.27 was recorded on 01/23/24. SMA at 50 days reached $322.70, while 200 days put it at $278.26.
Levels Of Support And Resistance For PWR Stock
The 24-hour chart illustrates a support level at 338.24, which if violated will result in even more drops to 333.98. On the upside, there is a resistance level at 345.10. A further resistance level may holdings at 347.70. The Relative Strength Index (RSI) on the 14-day chart is 61.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.19%. Stochastics %K at 65.45% indicates the stock is a holding.
How much short interest is there in Quanta Services, Inc?
A steep rise in short interest was recorded in Quanta Services, Inc stocks on 2024-11-29, growing by 0.55 million shares to a total of 4.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.84 million shares. There was a rise of 12.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 04, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $256 price target.
