Pinnacle West Capital Corp’s recent filing unveils that its Director Flanagan Susan T. acquired Company’s shares for reported $43270.0 on Aug 05 ’24. In the deal valued at $86.54 per share,500 shares were bought. As a result of this transaction, Flanagan Susan T. now holds 750 shares worth roughly $68932.5.
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Then, Smith Robert Edgar sold 4,950 shares, generating $424,710 in total proceeds. Upon selling the shares at $85.80, the EVP, GC, and CDO now owns 6,397 shares.
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 $0.14 million.
Jefferies initiated its Pinnacle West Capital Corp [PNW] rating to a Buy in a research note published on September 20, 2024; the price target was $104. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “a Buy”. Citigroup began covering PNW with “Neutral” recommendation on April 29, 2024. BofA Securities revised its rating on March 18, 2024. It rated PNW as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PNW
On Monday, Pinnacle West Capital Corp [NYSE:PNW] saw its stock jump 0.11% to $91.91. Over the last five days, the stock has gained 7.23%. Pinnacle West Capital Corp shares have risen nearly 27.94% since the year began. Nevertheless, the stocks have risen 29.41% over the past one year. While a 52-week high of $92.59 was reached on 11/11/24, a 52-week low of $65.20 was recorded on 02/08/24. SMA at 50 days reached $88.52, while 200 days put it at $79.34.
Levels Of Support And Resistance For PNW Stock
The 24-hour chart illustrates a support level at 90.91, which if violated will result in even more drops to 89.92. On the upside, there is a resistance level at 93.01. A further resistance level may holdings at 94.12. The Relative Strength Index (RSI) on the 14-day chart is 64.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.10%. Stochastics %K at 78.11% indicates the stock is a holding.
How much short interest is there in Pinnacle West Capital Corp?
A steep rise in short interest was recorded in Pinnacle West Capital Corp stocks on 2024-10-15, dropping by -1.74 million shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.79 million shares. There was a decline of -57.29%, which implies that there is a negative sentiment for the stock.
