Saturday, June 25, 2022

Selling Buzz: Prudential Financial Inc. [PRU] Executive Vice President SULLIVAN ANDREW F sells 2,231 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Prudential Financial Inc. shares valued at $237,119 were sold by SULLIVAN ANDREW F on Mar 04. At $106.28 per share, SULLIVAN ANDREW F sold 2,231 shares. The insider’s holdings dropped to 13,618 shares worth approximately $1.27 million following the completion of this transaction.

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Also, Silitch Nicholas C sold 2,000 shares, netting a total of over 219,480 in proceeds. Following the sale of shares at $109.74 each, the insider now holds 11,370 shares.

Before that, SULLIVAN ANDREW F had sold 2,951 shares from its account. In a trade valued at $334,496, the Executive Vice President traded Prudential Financial Inc. shares for $113.35 each. Upon closing the transaction, the insider’s holdings decreased to 2,951 shares, worth approximately $1.25 million.

As published in their initiating research note from Citigroup on May 24, 2022, Prudential Financial Inc. [PRU] has been a Neutral and the price target has been revised to $100. This represents a 6.83% premium over Wednesday’s closing price. Analysts at Credit Suisse downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of January 26, 2022, Jefferies has initiated its “an Underperform” rating for PRU. Earlier on January 21, 2022, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for PRU stock.

Analyzing PRU’s Price Performance

On Wednesday, Prudential Financial Inc. [NYSE: PRU] plunged -0.78% to $93.17. The stock’s lowest price that day was $91.8141, but it reached a high of $93.81 in the same session. During the last five days, there has been a drop of approximately -1.03%. Over the course of the year, Prudential Financial Inc. shares have dropped approximately -13.92%. Shares of the company reached a 52-week high of $124.22 on 02/10/22 and a 52-week low of $90.25 on 06/17/22. A 50-day SMA is recorded $105.72, while a 200-day SMA reached $109.26. Nevertheless, trading volume fell to 1.62 million shares from 1.89 million shares the previous day.

Support And Resistance Levels for Prudential Financial Inc. (PRU)

According to the 24-hour chart, there is a support level at 92.05, which, if violated, would cause prices to drop to 90.94. In the upper region, resistance lies at 94.05. The next price resistance is at 94.93. RSI (Relative Strength Index) is 33.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.76, which suggests the price will decrease in the coming days. Percent R is at 82.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of Prudential Financial Inc. (PRU)?

According to The Vanguard Group, Inc. filings, the company currently owns 29,582,703 shares, which is about 7.89% of the total PRU shares outstanding. The investor’s shares have appreciated by 605,278 from its previous 13-F filing of 28977425.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $2,256,758,181. SSgA Funds Management, Inc. acquire a 1.53% interest valued at $2.0 billion while Geode Capital Management LLC purchased a 142,247 stake. A total of 356,957 shares of Prudential Financial Inc. were bought by Charles Schwab Investment Managem during the quarter, and -2,957 were sold by Northern Trust Investments, Inc. In its current portfolio, Morgan Stanley Smith Barney LLC holds 3,792,129 shares valued at $402.91 million.

In terms of Prudential Financial Inc. share price expectations, FactSet research, analysts set an average price target of $110.20 in the next 12 months, up nearly 19.28% from the previous closing price of $93.90. Analysts anticipate Prudential Financial Inc. stock to reach $125.00 by 2022, with the lowest price target being $88.00. In spite of this, 18 analysts ranked Prudential Financial Inc. stock as a Hold at the end of 2022. On January 05, 2022, Evercore ISI assigned a price target of “an Underperform” to the stock and downgraded coverage with a $109.

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