MasTec is trading at $294.57, up +8.36% in pre-market after BlackRock reportedly acquired 7,638,487 shares.
- The stake represents approximately 9.51% ownership and a $3.18 billion investment.
- The disclosure provides a strong company-specific catalyst after recent volatility and renewed institutional interest; BlackRock’s stake appears the primary driver.
- Broader support comes from industrial-sector strength and higher U.S. equity futures; MasTec’s recent quarter featured record revenue, backlog, and raised guidance.