How Will the Market React to Quanta Services Inc (PWR) Stock Getting a Bullish Rating

Overall market sentiment has been high on Quanta Services Inc (PWR) stock lately. PWR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Quanta Services Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PWR!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PWR Stock Today?

Quanta Services Inc (PWR) stock is trading at $110.23 as of 2:35 PM on Wednesday, May 18, a decline of -$3.43, or -3.02% from the previous closing price of $113.66. The stock has traded between $110.21 and $116.26 so far today. Volume today is low. So far 562,561 shares have traded compared to average volume of 1,697,802 shares.

More About Quanta Services Inc

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under two reportable segments: electric power infrastructure solutions and underground utility and infrastructure solutions. In October 2021, the company completed the acquisition of Blattner, a provider of comprehensive engineering, procurement, and construction solutions to customers in the renewable energy industry. Click Here to get the full Stock Report for Quanta Services Inc stock.