Pinnacle West Capital Corporation (PNW) : Money flow in the Pinnacle West Capital Corporation (PNW) stock was negative (0.32 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.11 million, compared to $0.43 million on downticks. The total uptick to downtick ratio was 0.25, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0 million, indicating persistent selling. Pinnacle West Capital Corporation (PNW) traded $0.34 higher at $80 gaining 0.43% over the previous days close.
Pinnacle West Capital Corporation (PNW) : The consensus price target for Pinnacle West Capital Corporation (PNW) is $75.14 for the short term with a standard deviation of $4.71. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $81, however, the pessimist price target for the company is $67.
Pinnacle West Capital Corporation (NYSE:PNW): stock turned positive on Friday. Though the stock opened at $79.58, the bulls momentum made the stock top out at $80.74 level for the day. The stock recorded a low of $79.41 and closed the trading day at $80.59, in the green by 1.17%. The total traded volume for the day was 576,117. The stock had closed at $79.66 in the previous days trading.
In a related news, Cortese Denis A., director of Pinnacle West Capital Corp, unloaded 2,000 shares at an average price of $72.87 on May 6, 2016. The total amount of the transaction was worth $145,740, according to the disclosed information with 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.