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 $3.34 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.
Guggenheim initiated its Quanta Services, Inc [PWR] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. TD Cowen also remained covering PWR and reiterated its “Buy” recommendation on October 15, 2024. JP Morgan started covering the stock on October 07, 2024. It rated PWR as “a Neutral”.
Price Performance Review of PWR
On Monday, Quanta Services, Inc [NYSE:PWR] saw its stock jump 0.24% to $314.23. Over the last five days, the stock has lost -3.76%. Quanta Services, Inc shares have fallen nearly -0.58% since the year began. Nevertheless, the stocks have risen 54.31% over the past one year. While a 52-week high of $350.19 was reached on 01/06/25, a 52-week low of $187.27 was recorded on 01/13/25. SMA at 50 days reached $326.82, while 200 days put it at $284.76.
Levels Of Support And Resistance For PWR Stock
The 24-hour chart illustrates a support level at 309.20, which if violated will result in even more drops to 304.17. On the upside, there is a resistance level at 317.36. A further resistance level may holdings at 320.49. The Relative Strength Index (RSI) on the 14-day chart is 41.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.85%. Stochastics %K at 21.92% 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 2024-12-31, growing by 0.21 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.39 million shares. There was a rise of 4.51%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 19, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $313 price target.
