Do Traders Think Pinnacle West Capital Corporation (PNW) Can Keep Climbing Thursday?

Overall market sentiment has been high on Pinnacle West Capital Corporation (PNW) stock lately. PNW receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Pinnacle West Capital Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PNW!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PNW Stock Today?

Pinnacle West Capital Corporation (PNW) stock is higher by 0.75% while the S&P 500 is down -0.03% as of 2:58 PM on Thursday, Nov 16. PNW is higher by $0.54 from the previous closing price of $72.36 on volume of 706,819 shares. Over the past year the S&P 500 has risen 12.78% while PNW is down -1.33%. PNW earned $4.20 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.37.

More About Pinnacle West Capital Corporation

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.3 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear. Click Here to get the full Stock Report for Pinnacle West Capital Corporation stock.