Another Look At Corporate Profits: Pinnacle West Capital Corporation (PNW) and The Travelers Companies Inc. (TRV)

On May 13, GALLAGHER MICHAEL L, Director sold 5,000 shares of Pinnacle West Capital Corporation (NYSE: PNW), with the average selling price of the stock being $95.90 per share. The total amount realized from this sold $479,500. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Director – Cortese Denis A. sold an extra 3,014 shares of this stock in a transaction that took place a day before, on May 03, with a share sold at an average of $94.12 and a total of $283,678 was realized from this transaction. After the transaction, the Director – Cortese Denis A. was left with 13,024 shares of the company’s stock, which is currently worth around $1225818.88.

The recent price movement of PNW means that it is now down by -8.66% from its 52-week high and 11.69% up against its 52-week low prices. Over the past one week, the price volatility of PNW stands at 1.31% while the volatility over the past one month is 1.27%. The beta score for this stock is 0.05. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 08/08/2019 published its latest quarterly earnings, with the report showing that the company recorded 2.8 earnings per share (EPS) during that period. This report was above the expectations of analysts of 2.72 by 0.08. The revenue by the firm was 1.26B for the quarter.

The shares of Pinnacle West Capital Corporation (PNW) gained by 0.43%, leading to a gain of $0.39 per share, and saw PNW end the trading session at $91.17 on Wednesday 11/06/19. PNW started the trading session at $90.98, before reaching a daily high of $91.91. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $90.98.

The trading volume on Wednesday stood at 1371457, which was below the stock’s 3-month average volume of 908.59K shares, out of a total 111.91M shares. As the price of the stock climbed, the market valuation of the company gained to 10.31 billion.

The shares of The Travelers Companies Inc. (NYSE: TRV) went up by 0.82% by the end of the recent trading session. This movement saw its price surge to close at $132.35, which was higher than the previous closing price of $131.27. Over the past one week, the price of TRV has jumped by 1.98%, while it has recorded a loss of -5.89% over the past one month. Its three-month performance saw TRV lose -10.71% while its six-month performance saw it drop by -6.68%. The situation is different though over the past one year, as the stock price went up by 4.60%, while its year-to-date (YTD) price performance jumped by 10.52%. The stock price has gone up by +3.16% compared to its 90-day low, while it is down -13.86% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 1,457,950 shares, with the short-term indicators averagely rating the stock as a 100% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,308,012 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see TRV stock with a 100-Day average volume of 1,259,975 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves TRV with an average rating of 72% Sell.

Several brokerage firms sent out their reports TRV stock not long ago. In its report sent out on October 28, 2019, MKM Partners lowered its ratings on TRV from a Neutral to a Buy. In an earlier report on October 23, 2019, Deutsche Bank Upgrade the stock from a Sell to a Hold. Evercore ISI meanwhile in its report on October 17, 2019 Initiated its rating of the stock to “Underperform”.

In related news to the company’s stock, around 84.50% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 1204 institutions currently hold the TRV stock. In the last quarter, a 214,874,244 TRV shares were in the possession of institutions. On the other hand, the company recorded 88 new institutions who bought it their stock, while 66 institutions sold their entire TRV reserve. Of the current institutions investing in the stock, 472 increased their investment while 505 decreased their investment in the stock.