Pinnacle West Capital Corp.’s recently made public that its EVP, GC, and CDO Smith Robert Edgar unloaded Company’s shares for reported $0.12 million on Dec 08 ’23. In the deal valued at $75.95 per share,1,610 shares were sold. As a result of this transaction, Smith Robert Edgar now holds 9,178 shares worth roughly $0.69 million.
Then, Geisler Theodore N sold 1,484 shares, generating $118,616 in total proceeds. Upon selling the shares at $79.93, the President, APS now owns 6,750 shares.
Before that, Geisler Theodore N sold 7 shares. Pinnacle West Capital Corp. shares valued at $558 were divested by the President, APS at a price of $79.73 per share. As a result of the transaction, Geisler Theodore N now holds 0 shares, worth roughly $0.0.
Citigroup initiated its Pinnacle West Capital Corp. [PNW] rating to a Neutral in a research note published on April 29, 2024; the price target was $78. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. UBS also remained covering PNW and has increased its forecast on March 11, 2024 with a “Neutral” recommendation from previously “Sell” rating. Ladenburg Thalmann started covering the stock on February 14, 2024. It rated PNW as “a Neutral”.
Price Performance Review of PNW
On Monday, Pinnacle West Capital Corp. [NYSE:PNW] saw its stock jump 1.66% to $74.91. Over the last five days, the stock has gained 0.28%. Pinnacle West Capital Corp. shares have risen nearly 4.27% since the year began. Nevertheless, the stocks have fallen -5.93% over the past one year. While a 52-week high of $86.03 was reached on 04/23/24, a 52-week low of $65.20 was recorded on 02/08/24. SMA at 50 days reached $71.89, while 200 days put it at $74.04. A total of 0.74 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For PNW Stock
The 24-hour chart illustrates a support level at 74.22, which if violated will result in even more drops to 73.53. On the upside, there is a resistance level at 75.37. A further resistance level may holdings at 75.84. The Relative Strength Index (RSI) on the 14-day chart is 60.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.12%. Stochastics %K at 77.75% indicates the stock is a holding.
