Pinnacle West Capital Corporation (PNW) Rises 2.54% for November 08

Equities Staff  |

Among the biggest risers on the S&P 500 on Thursday November 08 was Pinnacle West Capital Corporation ($PNW), popping some 2.54% to a price of $87.56 a share with some 1.78 million shares trading hands.

Starting the day trading at $86.15, Pinnacle West Capital Corporation reached an intraday high of $87.88 and hit intraday lows of $85.75. Shares gained $2.17 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 944,529 of its 111.97 million share total float. Today’s action puts the stock’s 50-day SMA at $80.72 and 200-day SMA at $78.02 with a 52-week range of $73.41 to $92.48.

Pinnacle West Capital Corp is an investor owned electric utility holding company based in Phoenix, Arizona. It provides retail or/and wholesale electric service through its subsidiary Arizona Public Service.

Pinnacle West Capital Corporation has its corporate headquarters located in Phoenix, AZ and employs 3,934 people. Its market cap has now risen to $9.8 billion after today’s trading, its P/E ratio is now 17.8, its P/S 3.94, P/B 1.95, and P/FCF -15.2.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Pinnacle West Capital Corporation, check out Stock Valuation Analysis tool for PNW.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on Pinnacle West Capital Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: PNW’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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