Pinnacle West Capital Corp.’s recently made public that its Officer Robert E. Smith acquired Company’s shares for reported $0.42 million on Aug 09 ’24. In the deal valued at $85.32 per share,4,950 shares were bought.
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Then, Mountain Family Trust/Paul J. bought 2,700 shares, generating $230,364 in total proceeds.
Before that, Mountain Paul J sold 2,700 shares. Pinnacle West Capital Corp. shares valued at $230,256 were divested by the VP, Finance and Treasurer at a price of $85.28 per share. As a result of the transaction, Mountain Paul J now holds 1,508 shares, worth roughly $0.13 million.
Ladenburg Thalmann upgraded its Pinnacle West Capital Corp. [PNW] rating to a Buy from a a Neutral in a research note published on June 06, 2024; the price target was increased to $83.50 from $74. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late April with a ‘”a Neutral”‘ rating. BofA Securities also remained covering PNW and has increased its forecast on March 18, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on March 11, 2024. It rated PNW as “a Neutral” which previously was an “a Sell”.
Price Performance Review of PNW
On Friday, Pinnacle West Capital Corp. [NYSE:PNW] saw its stock jump 0.70% to $86.00. Over the last five days, the stock has lost -2.53%. Pinnacle West Capital Corp. shares have risen nearly 19.71% since the year began. Nevertheless, the stocks have risen 10.31% over the past one year. While a 52-week high of $89.39 was reached on 08/02/24, a 52-week low of $65.20 was recorded on 02/08/24. SMA at 50 days reached $79.63, while 200 days put it at $74.37. A total of 0.85 million shares were traded, compared to the trading of 0.97 million shares in the previous session.
Levels Of Support And Resistance For PNW Stock
The 24-hour chart illustrates a support level at 84.91, which if violated will result in even more drops to 83.83. On the upside, there is a resistance level at 86.61. A further resistance level may holdings at 87.23. The Relative Strength Index (RSI) on the 14-day chart is 66.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.81%. Stochastics%K at 49.84% indicates the stock is a holding.
The most recent change occurred on February 14, 2024 when Ladenburg Thalmann began covering the stock and recommended ‘”a Neutral”‘ rating along with a $69 price target.
