DJ Pinnacle West Capital Corp. Stock Rises Monday, Still Underperforms Market
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Shares of Pinnacle West Capital Corp. $(PNW)$ inched 0.40% higher to $74.70 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.87% to 5,010.60 and the Dow Jones Industrial Average rising 0.67% to 38,239.98.
This was the stock's fourth consecutive day of gains.
Pinnacle West Capital Corp. closed $11.33 short of its 52-week high ($86.03), which the company reached on July 25th.
The stock underperformed when compared to some of its competitors Monday, as NextEra Energy Inc. $(NEE)$ rose 1.57% to $65.31, Southern Co. $(SO)$ rose 1.15% to $72.98, and Dominion Energy Inc. $(D)$ rose 1.59% to $50.63.
Trading volume (627,649) remained 795,066 below its 50-day average volume of 1.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 22, 2024.
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April 22, 2024 17:23 ET (21:23 GMT)
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