Shares of Pinnacle West Capital Corporation (PNW) Sees Large Inflow of Net Money Flow

Pinnacle West Capital Corporation (PNW) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.82. The total value of inflow transactions on upticks was $0.88 million, whereas, the total value of outflow trades on downticks was $0.48 million. The total money flow was $0.39 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0 million. The total value of the trades done on upticks was $0 million. Pinnacle West Capital Corporation (PNW) was trading with a -0.28% change over previous days close. It fell $0.22 during the day and reached $78.29. The stock was -1.39% compared to the previous weeks close.

Pinnacle

Pinnacle West Capital Corporation has dropped 0.56% in the last five trading days, however, the shares have posted positive gains of 3.28% in the last 4 weeks. Pinnacle West Capital Corporation has dropped 0.82% during the last 3-month period . Year-to-Date the stock performance stands at 24.01%.

Pinnacle West Capital Corporation (PNW) has an average broker rating of 3.03, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Pinnacle West Capital Corporation (NYSE:PNW): stock was range-bound between the intraday low of $77.19 and the intraday high of $78.69 after having opened at $78.69 on Wednesdays session. The stock finally closed in the red at $78.69, a loss of -0.82%. The stock remained in the red for the whole trading day. The total traded volume was 1,094,324 shares. The stock failed to cross $78.69 in Wednesdays trading. The stocks closing price on Thursday was $78.51.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.