MasTec (MTZ) : Traders are bullish on MasTec (MTZ) as it has outperformed the S&P 500 by a wide margin of 4.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.43%, 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 1.37% in the last 1 week, and is up 7.52% 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 1.57% and the 50-Day Moving Average is 4.92%. MasTec, Inc. is up 7.9% in the last 3-month period. Year-to-Date the stock performance stands at 40.68%.
MasTec (NYSE:MTZ): On Fridays trading session , Opening price of the stock was $24.33 with an intraday high of $24.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.02. However, the stock managed to close at $24.45, a loss of 0.20% for the day. On the previous day, the stock had closed at $24.5. The total traded volume of the day was 1,134,547 shares.
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.