Quanta Services (PWR) : Traders are bullish on Quanta Services (PWR) as it has outperformed the S&P 500 by a wide margin of 5.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.98%, 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 4.52% in the last 1 week, and is up 9.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.96% and the 50-Day Moving Average is 8.57%.
Quanta Services (NYSE:PWR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.46 and $25.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.46, notching a gain of 0.39% for the day. The total traded volume was 2,516,365 . The stock had closed at $25.36 on the previous day.
The company Insiders own 0.7% of Quanta Services shares according to the proxy statements. Institutional Investors own 96.56% of Quanta Services shares. In a related news, Conaway John Michal, director of Quanta Services Inc, unloaded 9,000 shares at an average price of $28.12 on May 7, 2015. The total amount of the transaction was worth $253,080, according to the disclosed information 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.