On a relative basis, the stock has outperformed the S&P 500 by 0.81% 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 2.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 37.06% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $36.15 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $33.83 and the 200 Day Moving Average price is recorded at $32.46.
The stock has recorded a 20-day Moving Average of 2.57% and the 50-Day Moving Average is 5.89%.
PNM Resources (Holding Co.) (NYSE:PNM): stock turned positive on Friday. Though the stock opened at $35.05, the bulls momentum made the stock top out at $35.305 level for the day. The stock recorded a low of $34.8 and closed the trading day at $35.28, in the green by 0.31%. The total traded volume for the day was 667,325. The stock had closed at $35.17 in the previous days trading.
In an insider trading activity, The (SVP, PUBLIC POLICY), of Pnm Resources Inc, Darnell Ronald N. had unloaded 113 shares at $33.05 per share in a transaction on March 16, 2016. The total value of transaction was $3,735. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
PNM Resources, Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Companys business segments include PNM, TNMP and Corporate and Other. PNM is an electric utility that provides electric generation, transmission, and distribution service to its rate-regulated customers. TNMP is an electric utility providing regulated transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company. The Companys primary subsidiaries include Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).