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

Pinnacle West Capital Corporation (PNW) : The money flow analysis of Pinnacle West Capital Corporation (PNW) indicates a $12.51 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $20.89 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.67 and so was the total money flow at $8.38 million. The bulls lapped up $9.99 million worth of block trades on upticks. The money flow was $9.99 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 -2.02% for the day. The stock slid $1.64 and traded at $79.44 during the day. Nonetheless, the stock is -2.13% 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 82.78% of Pinnacle West Capital Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -27.21%. 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 has dropped 3.78% in the last five trading days, however, the shares have posted positive gains of 3.53% in the last 4 weeks. Pinnacle West Capital Corporation is up 7.36% in the last 3-month period. Year-to-Date the stock performance stands at 25.5%.

Pinnacle West Capital Corporation (NYSE:PNW): On Tuesdays trading session , Opening price of the stock was $80.47 with an intraday high of $80.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $79.38. However, the stock managed to close at $79.44, a loss of 2.02% for the day. On the previous day, the stock had closed at $81.08. The total traded volume of the day was 899,609 shares.

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.

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