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Where Will Quanta Services Inc (PWR) Stock Go Next After It Has Gained 14.07% in a Week?

Tuesday, February 27, 2024 03:55 PM | InvestorsObserver Analysts

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Where Will Quanta Services Inc (PWR) Stock Go Next After It Has Gained 14.07% in a Week?

Quanta Services Inc (PWR) stock has gained 14.07% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PWR Stock Today?

Quanta Services Inc (PWR) stock is trading at $238.63 as of 3:44 PM on Tuesday, Feb 27, a gain of $2.99, or 1.27% from the previous closing price of $235.64. The stock has traded between $236.19 and $241.07 so far today. Volume today is 858,276 compared to average volume of 1,030,274.

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.

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