Quanta Services, Inc’s recently made public 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 $ 3.06 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.
BMO Capital Markets initiated its Quanta Services, Inc [PWR] rating to an Outperform in a research note published on February 03, 2025; the price target was $338. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Guggenheim began covering PWR with “Neutral” recommendation on January 08, 2025. Daiwa Securities started covering the stock on December 06, 2024. It rated PWR as “an Outperform”.
Price Performance Review of PWR
On Tuesday, Quanta Services, Inc [NYSE:PWR] saw its stock jump 0.75% to $287.59. Over the last five days, the stock has lost -7.43%. Quanta Services, Inc shares have fallen nearly -9.00% since the year began. Nevertheless, the stocks have risen 35.25% over the past one year. While a 52-week high of $365.88 was reached on 01/22/25, a 52-week low of $206.58 was recorded on 02/18/25. SMA at 50 days reached $320.60, while 200 days put it at $291.89.
Levels Of Support And Resistance For PWR Stock
The 24-hour chart illustrates a support level at 283.43, which if violated will result in even more drops to 279.28. On the upside, there is a resistance level at 289.85. A further resistance level may holdings at 292.12. The Relative Strength Index (RSI) on the 14-day chart is 36.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.44%. Stochastics %K at 10.02% indicates the stock is a buying.
The most recent change occurred on October 15, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $335.
