Quanta Services (NYSE:PWR) : Traders are bullish on Quanta Services (NYSE:PWR) as it has outperformed the S&P 500 by a wide margin of 2.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.14% in the last 1 week, and is up 3.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -14.83% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $28.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $23.35 and the 200 Day Moving Average price is recorded at $21.53.
The stock has recorded a 20-day Moving Average of 5.22% and the 50-Day Moving Average is 4.45%.
Quanta Services (NYSE:PWR): stock turned positive on Friday. Though the stock opened at $23.91, the bulls momentum made the stock top out at $24.43 level for the day. The stock recorded a low of $23.9 and closed the trading day at $24.36, in the green by 2.96%. The total traded volume for the day was 1,897,971. The stock had closed at $23.66 in the previous days trading.
In an insider trading activity,The director of Quanta Services Inc, Conaway John Michal sold 9,000 shares at $28.12 on May 7, 2015. The Insider selling transaction had a total value worth of $253,080. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power, and natural gas and oil pipeline industries. The Company operates in two segments, such as electric power infrastructure services, and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services, such as design, installation and maintenance of electric power transmission and distribution infrastructure and substation facilities, among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design, installation and maintenance of pipeline transmission, distribution systems and gathering systems, among others.