Pinnacle West Capital Corporation (PNW) : The money flow analysis of Pinnacle West Capital Corporation (PNW) indicates a $2.16 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $2.9 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.34 and so was the total money flow at $0.74 million. The bulls lapped up $0 million worth of block trades on upticks. The money flow was $0 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Pinnacle West Capital Corporation (PNW), pushing it down by -0.01% for the day. The stock slid $0.01 and traded at $74.81 during the day. Nonetheless, the stock is -0.03% over the previous weeks close.
The company Insiders own 0.7% of Pinnacle West Capital Corporation shares according to the proxy statements. Institutional Investors own 83.33% of Pinnacle West Capital Corporation shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Pinnacle West Capital Corp, Cortese Denis A. had sold 2,000 shares worth of $145,740 in a transaction dated May 6, 2016. In this transaction, 2,000 shares were sold at $72.87 per share.
Pinnacle West Capital Corporation (NYSE:PNW): The stock opened at $74.88 and touched an intraday high of $76.12 on Friday. During the day, the stock corrected to an intraday low of $74.765, however, the bulls stepped in and pushed the price higher to close in the green at $76.07 with a gain of 1.68% for the day. The total traded volume for the day was 693,386. The stock had closed at $74.81 in the previous trading session.
Pinnacle West Capital Corporation (PNW) has been under a strong bear grip, hence the stock is down -1.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.15% in the past 1 week. The stock has risen by 1.66% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.43% in the past 4 weeks.
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.