Quanta Services, Inc’s filing revealed 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 $3.47 million.
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 Friday, Quanta Services, Inc [NYSE:PWR] saw its stock jump 3.49% to $326.52. Over the last five days, the stock has lost -1.24%. Quanta Services, Inc shares have risen nearly 3.31% since the year began. Nevertheless, the stocks have risen 61.85% over the past one year. While a 52-week high of $350.19 was reached on 01/03/25, a 52-week low of $187.27 was recorded on 01/02/25. SMA at 50 days reached $326.10, while 200 days put it at $283.20.
Levels Of Support And Resistance For PWR Stock
The 24-hour chart illustrates a support level at 320.01, which if violated will result in even more drops to 313.50. On the upside, there is a resistance level at 330.12. A further resistance level may holdings at 333.72. The Relative Strength Index (RSI) on the 14-day chart is 49.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.94%. Stochastics %K at 21.51% 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 2024-12-13, dropping by -0.23 million shares to a total of 4.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.45 million shares. There was a decline of -5.39%, which implies that there is a negative 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.
