Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pinnacle West Capital Corp shares valued at $860,239 were sold by Tetlow Jacob on Nov 13 ’24. At $90.80 per share, Tetlow Jacob sold 9,474 shares. The insider’s holdings dropped to 56 shares worth approximately $5177.2 following the completion of this transaction.
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Also, Jacob Tetlow purchased 9,474 shares, netting a total of over 870,755 in proceeds.
Before that, Flanagan Susan T. had added 500 shares to its account. In a trade valued at $43,270, the Director bought Pinnacle West Capital Corp shares for $86.54 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $69337.5.
As published in a research note from KeyBanc Capital Markets on December 04, 2024, Pinnacle West Capital Corp [PNW] has been rated up from a Sector weight to an Overweight and the price target has been revised to $101. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid November. As of September 20, 2024, Jefferies has initiated its “Buy” rating for PNW. Earlier on June 06, 2024, Ladenburg Thalmann upgraded its rating. Their new recommendation was “a Buy” for PNW stock which previously was a “a Neutral”.
Analyzing PNW Stock Performance
During the last five days, there has been a drop of approximately -2.19%. Over the course of the year, Pinnacle West Capital Corp shares have jumped approximately 28.69%. Shares of the company reached a 52-week high of $95.42 on 11/27/24 and a 52-week low of $65.20 on 02/08/24. A 50-day SMA is recorded $89.49, while a 200-day SMA reached $81.37. Nevertheless, trading volume fell to 0.91 million shares from 24495.0 shares the previous day.
Support And Resistance Levels for Pinnacle West Capital Corp (PNW)
According to the 24-hour chart, there is a support level at 91.52, which, if violated, would cause prices to drop to 90.60. In the upper region, resistance lies at 93.30. The next price resistance is at 94.15. RSI (Relative Strength Index) is 55.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 53.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
