In a filing, Pinnacle West Capital Corp revealed 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 $4928.0.
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 $66000.0.
KeyBanc Capital Markets upgraded its Pinnacle West Capital Corp [PNW] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid November from “an Overweight” to “an Equal weight”. Jefferies began covering PNW with “Buy” recommendation on September 20, 2024. Ladenburg Thalmann revised its rating on June 06, 2024. It rated PNW as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PNW
On Tuesday, Pinnacle West Capital Corp [NYSE:PNW] saw its stock jump 1.57% to $88.00. Over the last five days, the stock has gained 6.61%. Pinnacle West Capital Corp shares have risen nearly 3.81% since the year began. Nevertheless, the stocks have risen 27.00% over the past one year. While a 52-week high of $95.42 was reached on 01/21/25, a 52-week low of $65.20 was recorded on 01/13/25. SMA at 50 days reached $88.34, while 200 days put it at $83.46.
Levels Of Support And Resistance For PNW Stock
The 24-hour chart illustrates a support level at 87.22, which if violated will result in even more drops to 86.43. On the upside, there is a resistance level at 88.64. A further resistance level may holdings at 89.27. The Relative Strength Index (RSI) on the 14-day chart is 60.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.98%. Stochastics %K at 92.72% 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 2024-12-31, dropping by -0.59 million shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.08 million shares. There was a decline of -16.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 29, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $78 price target.
