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 $3.32 million following the completion of this transaction.
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 Guggenheim on January 08, 2025, Quanta Services, Inc [PWR] has been a Neutral. Analysts at Daiwa Securities started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of October 15, 2024, TD Cowen has reiterated its “Buy” rating for PWR. Earlier on October 07, 2024, JP Morgan initiated its rating. Their recommendation was “a Neutral” for PWR stock.
Analyzing PWR Stock Performance
During the last five days, there has been a drop of approximately -1.22%. Over the course of the year, Quanta Services, Inc shares have dropped approximately -1.22%. Shares of the company reached a 52-week high of $332.83 on 01/06/25 and a 52-week low of $307.56 on 01/08/25. A 50-day SMA is recorded $326.80, while a 200-day SMA reached $284.19. Nevertheless, trading volume fell to 1.17 million shares from 0.91 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 306.66, which, if violated, would cause prices to drop to 301.11. In the upper region, resistance lies at 318.65. The next price resistance is at 325.10. RSI (Relative Strength Index) is 39.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.88, which suggests the price will decrease in the coming days. Percent R is at 85.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
