Insider Buys Shine a Light on Pinnacle West Capital Corp
Investing decisions made by company insiders can signal confidence, and on August 5, Pinnacle West Capital Corp’s Director, Susan T. Flanagan, made a notable purchase. She invested $43,270.00 in 500 shares of PNW, at a price of $86.54 each. This action often attracts the attention of investors, as it suggests that insiders believe the company’s stock is a worthwhile investment.
On Friday, investors had the opportunity to acquire PNW shares at a lower cost than Flanagan’s, with prices dipping to $85.51 per share, marking a 1.2% decrease. Currently, Pinnacle West Capital Corp’s stock is experiencing a 2.2% decline for the day. The chart below illustrates PNW’s performance over the past year, compared to its 200-day moving average:
The chart highlights PNW’s 52-week trading range, where it has seen a low of $65.20 and a high of $91.565, with the most recent trade at $85.95. Below is a summary table showing recent insider transactions for PNW over the past six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 08/05/2024 | Susan T. Flanagan | Director | 500 | $86.54 | $43,270.00 |
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