Quanta Services stock sheds 4.39% in weak market session
Updated
Updated · MarketWatch · May 7
Quanta Services stock sheds 4.39% in weak market session
5 articles · Updated · MarketWatch · May 7
Shares closed at $750.73 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63%.
The decline ended Quanta's five-day winning streak and left the stock 4.82% below its 52-week high of $788.75 reached on May 6.
Among peers, AECOM fell 2.92%, MasTec dropped 4.85% and EMCOR slipped 2.09%, while Quanta trading volume of 2.0 million topped its 50-day average of 1.1 million.
How will Quanta navigate crippling supply chain delays to meet the surging power demands of the AI revolution?
Can the AI data center boom shield Quanta from a predicted market correction and soaring material costs?