The stock of Pinnacle Investment Management Group Ltd (ASX:PNI) is a huge mover today! The stock increased 12.08% or $0.25 on November 11, hitting $2.32. About 92,784 shares traded hands or 110.68% up from the average. Pinnacle Investment Management Group Ltd (ASX:PNI) has risen 144.21% since April 15, 2016 and is uptrending. It has outperformed by 138.07% the S&P500.
The move comes after 9 months positive chart setup for the $343.77 million company. It was reported on Nov, 11 by Barchart.com. We have $3.06 PT which if reached, will make ASX:PNI worth $110.01 million more.
Pinnacle Investment Management Group Limited, formerly Wilson Group Limited, is a multi-affiliate investment management company. The company has a market cap of $343.77 million. The Firm operates through two divisions, including Pinnacle and Wilson Group. It has a 44.91 P/E ratio. The Company’s Pinnacle segment is engaged in developing and operating funds management business, and providing distribution services, business support and responsible entity services to the Pinnacle Boutiques and external parties.
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