Pinnacle West Capital Corporation (PNW) Shares are Up 3.16%

Pinnacle West Capital Corporation (PNW) : Traders are bullish on Pinnacle West Capital Corporation (PNW) as it has outperformed the S&P 500 by a wide margin of 1.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.62%, relative to the S&P 500. The stock has risen by 3.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.47% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.59% and the 50-Day Moving Average is 1.48%.The 200 Day SMA reached 6.83% Pinnacle West Capital Corporation has dropped 1.13% during the last 3-month period . Year-to-Date the stock performance stands at 21.49%.


Pinnacle West Capital Corporation (PNW) : Currently there are 9 street experts covering Pinnacle West Capital Corporation (PNW) stock. The most bullish and bearish price target for the stock is $81 and $67 respectively for the short term. The average price target of all the analysts comes to $74.89. The estimated standard deviation from the target is $4.68.

Company shares have received an average consensus rating of Hold for the current week Pinnacle West Capital Corporation (NYSE:PNW): The stock opened at $75.02 and touched an intraday high of $76.41 on Friday. During the day, the stock corrected to an intraday low of $74.7, however, the bulls stepped in and pushed the price higher to close in the green at $76.29 with a gain of 1.27% for the day. The total traded volume for the day was 1,263,003. The stock had closed at $75.33 in the previous trading session.

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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