Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $3.17 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 BofA Securities on January 24, 2025, Quanta Services, Inc [PWR] has been a Buy and the price target has been revised to $407. Analysts at Guggenheim started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of December 06, 2024, Daiwa Securities has initiated its “an Outperform” rating for PWR. Earlier on October 15, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for PWR stock.
Analyzing PWR Stock Performance
During the last five days, there has been a drop of approximately -16.66%. Over the course of the year, Quanta Services, Inc shares have dropped approximately -5.77%. Shares of the company reached a 52-week high of $365.88 on 01/22/25 and a 52-week low of $290.43 on 01/28/25. A 50-day SMA is recorded $329.89, while a 200-day SMA reached $288.69. Nevertheless, trading volume fell to 1.92 million shares from 3.45 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 292.49, which, if violated, would cause prices to drop to 287.17. In the upper region, resistance lies at 304.21. The next price resistance is at 310.63. RSI (Relative Strength Index) is 37.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -32.06, which suggests the price will decrease in the coming days. Percent R is at 90.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
