MasTec is trading 4.7% down at $340.93 as the stock undergoes a period of normalization and profit-taking following a sharp rally earlier this week.
- The initial surge was fueled by the announcement of a $1.65 billion acquisition of The Superior Group, a major move into the data-center infrastructure space.
- Investors are currently weighing the deal's valuation and financing mix against potential integration risks associated with such a large-scale transaction.