Call Buying Activity in Rarely Traded Quanta Services (PWR) Ahead of Q2 Earnings Announcement Tomorrow -Susquehanna
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Get Alerts PWR Hot Sheet
Price: $653.80 +1.66%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +26.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +26.6%
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Susquehanna options strategist Alison Edwards notes call buying activity in rarely traded Quanta Services (NYSE: PWR), as an investor purchased ~5.5k Aug 35 Calls. The trading created ~185k shares to buy vs. ~200k on the tape at the time. Ahead of earnings tomorrow, the implied move is ~7% vs. the historical realized average move over past 8Qs of ~3.5%.
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