The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $3.11 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.
Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of February 25, 2025, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for PWR. Earlier on February 24, 2025, Daiwa Securities downgraded its rating. Their new recommendation was “a Neutral” for PWR stock which previously was a “an Outperform”.
Analyzing PWR Stock Performance
During the last five days, there has been a surge of approximately 6.70%. Over the course of the year, Quanta Services, Inc shares have dropped approximately -7.39%. Shares of the company reached a 52-week high of $365.88 on 01/22/25 and a 52-week low of $227.08 on 04/07/25. A 50-day SMA is recorded $263.64, while a 200-day SMA reached $290.85.
Support And Resistance Levels for Quanta Services, Inc (PWR)
According to the 24-hour chart, there is a support level at 284.49, which, if violated, would cause prices to drop to 276.29. In the upper region, resistance lies at 297.57. The next price resistance is at 302.45. RSI (Relative Strength Index) is 63.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.80, which suggests the price will increase in the coming days. Percent R is at 3.61%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
