Pinnacle West Capital Corp’s recent filing unveils that its EVP, COO, APS Tetlow Jacob unloaded Company’s shares for reported $0.86 million on Nov 13 ’24. In the deal valued at $90.80 per share,9,474 shares were sold. As a result of this transaction, Tetlow Jacob now holds 56 shares worth roughly $5204.08.
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Then, Jacob Tetlow bought 9,474 shares, generating $870,755 in total proceeds.
Before that, Flanagan Susan T. bought 500 shares. Pinnacle West Capital Corp shares valued at $43,270 were divested by the Director at a price of $86.54 per share. As a result of the transaction, Flanagan Susan T. now holds 750 shares, worth roughly $69697.5.
Barclays downgraded its Pinnacle West Capital Corp [PNW] rating to an Equal weight from a an Overweight in a research note published on November 18, 2024; the price target was decreased to $91 from $93. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Ladenburg Thalmann also remained covering PNW and has increased its forecast on June 06, 2024 with a “Buy” recommendation from previously “Neutral” rating. Citigroup started covering the stock on April 29, 2024. It rated PNW as “a Neutral”.
Price Performance Review of PNW
On Friday, Pinnacle West Capital Corp [NYSE:PNW] saw its stock fall -0.74% to $92.93. Over the last five days, the stock has gained 1.14%. Pinnacle West Capital Corp shares have risen nearly 29.36% since the year began. Nevertheless, the stocks have risen 26.18% over the past one year. While a 52-week high of $93.65 was reached on 11/22/24, a 52-week low of $65.20 was recorded on 02/08/24. SMA at 50 days reached $89.01, while 200 days put it at $80.38.
Levels Of Support And Resistance For PNW Stock
The 24-hour chart illustrates a support level at 92.40, which if violated will result in even more drops to 91.87. On the upside, there is a resistance level at 93.92. A further resistance level may holdings at 94.91. The Relative Strength Index (RSI) on the 14-day chart is 62.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.49%. Stochastics %K at 89.56% indicates the stock is a selling.
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 2024-10-31, dropping by -1.58 million shares to a total of 3.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.89 million shares. There was a decline of -47.9%, which implies that there is a negative sentiment for the stock.
