How Will the Market React to Pinnacle West Capital Corporation (PNW) Stock Getting a Bullish Rating

The market has been high on Pinnacle West Capital Corporation (PNW) stock recently. PNW gets a Bullish score 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?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PNW Stock Today?

Pinnacle West Capital Corporation (PNW) stock has gained 1.15% while the S&P 500 has fallen -0.06% as of 3:11 PM on Thursday, Nov 30. PNW has risen $0.86 from the previous closing price of $74.08 on volume of 319,884 shares. Over the past year the S&P 500 has risen 14.91% while PNW has fallen -1.69%. PNW earned $4.20 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.87. To see InvestorsObserver's Sentiment Score for Pinnacle West Capital Corporation click here.

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.