Pinnacle West Capital (PNW) Forms $78.29 Double Bottom; BIDVEST GROUP LTD SPONSORED ADR NEW SOU (BDVSY) Shorts Lowered By 13.24%

The Bidvest Group Limited (OTCMKTS:BDVSY) Logo

Pinnacle West Capital Corporation (PNW) formed double bottom with $75.94 target or 3.00% below today’s $78.29 share price. Pinnacle West Capital Corporation (PNW) has $8.76 billion valuation. The stock increased 0.98% or $0.76 during the last trading session, reaching $78.29. About 1.02M shares traded or 13.40% up from the average. Pinnacle West Capital Corporation (NYSE:PNW) has declined 10.37% since June 25, 2017 and is downtrending. It has underperformed by 22.94% the S&P500. Some Historical PNW News: 02/05/2018 – PINNACLE WEST CAPITAL 1Q EPS 3C, EST. 7C; 23/04/2018 – DJ Pinnacle West Capital Corporation, Inst Holders, 1Q 2018 (PNW); 02/05/2018 – PNW 1Q OPER REV. $692.7M, EST. $681.0M (2 EST.); 07/05/2018 – PINNACLE WEST SAYS PALO VERDE 3 RESTARTS AFTER REFUELING OUTAGE; 29/05/2018 – PINNACLE WEST RAISES PALO VERDE 2 TO 100% FROM 0% FRIDAY: NRC; 02/05/2018 – Pinnacle West Capital 1Q EPS 3c; 02/05/2018 – Pinnacle West Capital Sees 2018 Consolidated Earned Return on Avg Common Equity Topping 9.5%; 07/05/2018 – PINNACLE WEST RAISES PALO VERDE 3 REACTOR TO 69% FROM 0%: NRC; 24/04/2018 – APS to Issue Resource RFPs; 07/05/2018 – APS Issues RFP for Forest Bioenergy Re

BIDVEST GROUP LTD SPONSORED ADR NEW SOU (OTCMKTS:BDVSY) had a decrease of 13.24% in short interest. BDVSY’s SI was 5,900 shares in June as released by FINRA. Its down 13.24% from 6,800 shares previously. With 8,900 avg volume, 1 days are for BIDVEST GROUP LTD SPONSORED ADR NEW SOU (OTCMKTS:BDVSY)’s short sellers to cover BDVSY’s short positions. The stock increased 1.71% or $0.51 during the last trading session, reaching $30.25. About shares traded. The Bidvest Group Limited (OTCMKTS:BDVSY) has 0.00% since June 25, 2017 and is . It has underperformed by 12.57% the S&P500.

The Bidvest Group Limited operates as a services, trading, and distribution company. The company has market cap of $5.19 billion. The firm operates through seven divisions: Services, Freight, Automotive, Office and Print, Commercial Products, Financial Services, and Electrical. It has a 14.77 P/E ratio. It retails new and pre-owned motor vehicles and tires; and offers car and van rental services, vehicle service and repairs, auctions, chauffer drives, and coaches, as well as door to door transfers.

Among 14 analysts covering Pinnacle West Capital Corporation (NYSE:PNW), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Pinnacle West Capital Corporation has $95.0 highest and $60 lowest target. $81.17’s average target is 3.68% above currents $78.29 stock price. Pinnacle West Capital Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Pinnacle West Capital Corporation (NYSE:PNW) rating on Sunday, October 1. RBC Capital Markets has “Hold” rating and $89.0 target. Credit Suisse upgraded the stock to “Outperform” rating in Tuesday, May 8 report. On Monday, January 22 the stock rating was maintained by SunTrust with “Hold”. As per Monday, March 7, the company rating was maintained by SunTrust. The stock has “Neutral” rating by UBS on Monday, October 26. The company was maintained on Monday, October 19 by SunTrust. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Equal-Weight” rating given on Monday, February 26 by Morgan Stanley. The firm has “Hold” rating given on Wednesday, April 11 by SunTrust. As per Tuesday, January 12, the company rating was downgraded by Bank of America. RBC Capital Markets maintained Pinnacle West Capital Corporation (NYSE:PNW) on Sunday, November 5 with “Hold” rating.

Since January 19, 2018, it had 0 insider purchases, and 6 sales for $6.22 million activity. 2,666 shares were sold by MUNRO KATHRYN L, worth $200,910 on Wednesday, March 7. $162,108 worth of Pinnacle West Capital Corporation (NYSE:PNW) shares were sold by HERBERGER ROY A JR. $753,377 worth of Pinnacle West Capital Corporation (NYSE:PNW) was sold by Schiavoni Mark A.. On Thursday, March 1 BRANDT DONALD E sold $3.02 million worth of Pinnacle West Capital Corporation (NYSE:PNW) or 39,083 shares. HATFIELD JOHN S. sold $163,320 worth of stock.

Pinnacle West Capital Corporation (NYSE:PNW) Institutional Positions Chart