DJ Pinnacle West Capital Corp. Stock Rises Monday, Still Underperforms Market
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Shares of Pinnacle West Capital Corp. $(PNW)$ inched 0.29% higher to $76.01 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.03% to 5,180.74 and the Dow Jones Industrial Average rising 0.46% to 38,852.27.
This was the stock's fourth consecutive day of gains.
Pinnacle West Capital Corp. closed $10.02 below its 52-week high ($86.03), which the company reached on July 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as NextEra Energy Inc. $(NEE)$ rose 1.58% to $71.25, Southern Co. $(SO)$ fell 0.50% to $75.47, and Dominion Energy Inc. $(D)$ rose 0.02% to $51.41.
Trading volume (708,379) remained 590,162 below its 50-day average volume of 1.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2024.
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May 06, 2024 17:23 ET (21:23 GMT)
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