MasTec (NYSE:MTZ) : Traders are bullish on MasTec (NYSE:MTZ) as it has outperformed the S&P 500 by a wide margin of 6.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.12%, 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 6.46% in the last 1 week, and is up 7.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 24.86% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $25.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.94 and the 200 Day Moving Average price is recorded at $19.40.
The stock has recorded a 20-day Moving Average of 6.14% and the 50-Day Moving Average is 6.79%.
MasTec (NYSE:MTZ): stock turned positive on Friday. Though the stock opened at $24.34, the bulls momentum made the stock top out at $25 level for the day. The stock recorded a low of $24.15 and closed the trading day at $24.21, in the green by 1.30%. The total traded volume for the day was 1,239,340. The stock had closed at $23.9 in the previous days trading.
In an insider trading activity, Apple Robert E, officer (COO) of Mastec Inc, unloaded 13,739 shares at an average price of $23.75 on June 21, 2016. The total amount of the transaction was worth $326,301, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
MasTec, Inc. is an infrastructure construction company. The Companys primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure. The Company manages its operations under five operating segments: Communications; Oil and Gas; Electrical Transmission; Power Generation and Industrial, and Other. The Company offers its services primarily under the MasTec service mark and it has operations across 460 locations. It provides services under master service and other service agreements, which are generally multi-year agreements. It offers its service offerings in markets, including wireless services; natural gas, natural gas liquids and petroleum pipeline; and electrical transmission, among others.