Movement Alert|Quanta Falls 3.14% in Regular Trading, Construction and Engineering Sector Under Broad Selling Pressure

Market Focus
08/18

On August 18, Quanta declined 3.14% in regular trading, trading at $700.01 per share, with turnover of $319 million. The stock retreated alongside broad-based weakness across the Construction and Engineering sector, where most peers suffered steeper losses.

Within the sector, Sterling Construction fell 6.9%, Comfort Systems USA fell 6.66%, MasTec fell 5.23%, Argan fell 4.63%, and EMCOR Group fell 4.42%. Quanta's decline came just one session after the stock gained 3.18% following a wave of analyst target price upgrades from Goldman Sachs, Jefferies, and KeyBanc. Goldman Sachs had raised its target to $902 from $826, while Jefferies lifted its target to $833 from $784, both maintaining buy ratings.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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