Large Inflow of Money Detected in Pinnacle West Capital Corporation

Pinnacle West Capital Corporation (PNW) : $8.72 million worth of transactions were on upticks in Pinnacle West Capital Corporation (PNW), compared to $6.29 million on downticks. The ratio between the two was 1.38, whereas, the net money flow stood at a healthy $2.42 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $2.35million worth of trades. The total money flow into the stock stood at $2.35 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.67%. The stock was trading at $79.15, with a drop of $0.53 over the previous days close. The stock recorded -0.48% for the week.


Pinnacle West Capital Corporation (NYSE:PNW): The stock opened at $77.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $79.80 for the day. The stock traded down to $77.96 during the day, due to lack of any buying support eventually closed down at $79.15 with a loss of -0.67% for the day. The stock had closed at $79.68 on the previous day. The total traded volume was 555,723 shares.

The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 3.34%. In a related news, The director, of Pinnacle West Capital Corp, Cortese Denis A. had unloaded 2,000 shares at $72.87 per share in a transaction on May 6, 2016. The total value of transaction was $145,740. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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