How To Buy PNM Resources Inc (PNM) Stock

How To Buy PNM

PNM Resources (PNM) is a common stock listed on the NYSE exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of PNM.

1. Find a reliable broker.

   Don't worry, it's easy and free to open a brokerage account. Below are our favorite brokers where you can buy PNM Resources from:

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2. Fund your new account.

   You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.

3. Search for PNM.

   When your funds are settled into your account, look for PNM Resources on your broker by searching for the company name: PNM Resources or the ticker symbol: PNM.

4. Buy the stock.

   Once that you've found PNM Resources on your broker, submit a purchase order to buy shares of the stock (currently $36.32 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.

   Once your order gets fulfilled, you've purchased your first shares of PNM Resources Inc.

   Tips When Buying

   When submitting your order, you may choose to buy shares of PNM Resources at the market price with a market order or at a set price using a limit order.

   • Market order: Buys the stock immediately at its current price.
   • Limit order: Buys the stock only once it reaches your target price.

   By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of PNM at a specific price.

Should You Buy PNM Stock Now?

In the past week the price per share of PNM Resources has gone down ↓0.30 (-0.81%) and the daily volume has decreased slightly. You should buy PNM now if you think the stock will recover soon, or wait until you think the stock is done dropping.

In the end, you should be comfortable with the risk of the investment and only buy shares of PNM when you feel the time is right.