On a relative basis, the stock has outperformed the S&P 500 by 4.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.11% in the last 1 week, and is up 5.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 34.88% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $82.78 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $76.81 and the 200 Day Moving Average price is recorded at $71.55.
The stock has recorded a 20-day Moving Average of 3.22% and the 50-Day Moving Average is 7.61%.
Pinnacle West Capital Corporation (NYSE:PNW): stock turned positive on Friday. Though the stock opened at $80.69, the bulls momentum made the stock top out at $81.19 level for the day. The stock recorded a low of $79.97 and closed the trading day at $81.17, in the green by 0.27%. The total traded volume for the day was 1,547,174. The stock had closed at $80.95 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Cortese Denis A., director of Pinnacle West Capital Corp, had unloaded 2,000 shares at an average price of $72.87 in a transaction dated on May 6, 2016. The total value of the transaction was worth $145,740.
Pinnacle West Capital Corporation is a holding company that operates primarily through its wholly owned subsidiaries is engaged in regulated retail and wholesale electricity businesses. The Companys operations primarily include electricity generation, transmission and distribution. The Companys subsidiaries include Arizona Public Service Company (APS), a vertically integrated electric utility that provides either retail or wholesale electric service to the State of Arizona, with the exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona; El Dorado Investment Company (El Dorado) and Bright Canyon Energy Corporation (BCE). APS provides electric service to approximately 1.2 million customers. APS has ownership interests in or leases the coal, nuclear, gas, oil and solar generating facilities.