Large Inflow of Money Detected in Pinnacle West Capital Corporation

Pinnacle West Capital Corporation (PNW) : Pinnacle West Capital Corporation (PNW) had a healthy money flow of $0.51 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $1.46 million, whereas, investors only sold shares worth $0.95 million on downticks. The stock closed the day with an up-down ratio of 1.54.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0 million worth of transactions were on upticks. Pinnacle West Capital Corporation (PNW) stock slid $0.32 intraday and traded at 77.6, a change of -0.41% over previous days close. However, for the week, the company shares are 0.56% compared to previous weeks close.


Pinnacle West Capital Corporation has lost 1.09% in the last five trading days and dropped 3.1% in the last 4 weeks. Pinnacle West Capital Corporation is up 3.34% in the last 3-month period. Year-to-Date the stock performance stands at 21.75%.

Pinnacle West Capital Corporation (NYSE:PNW): The stock opened at $77.94 on Monday but the bulls could not build on the opening and the stock topped out at $77.96 for the day. The stock traded down to $76.44 during the day, due to lack of any buying support eventually closed down at $76.45 with a loss of -1.89% for the day. The stock had closed at $77.92 on the previous day. The total traded volume was 416,220 shares.

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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