KD Logo

Insider Selling: FALZON ROBERT, Prudential Financial Inc. [PRU] EVP and Vice Chairman divested 130,092 shares


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Prudential Financial Inc. shares valued at $15,425,008 were sold by FALZON ROBERT on May 13 ’24. At $118.57 per share, FALZON ROBERT sold 130,092 shares. The insider’s holdings dropped to 202,083 shares worth approximately $23.65 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Also, SCHMIDT TIMOTHY L sold 5,189 shares, netting a total of over 604,934 in proceeds. Following the sale of shares at $116.58 each, the insider now holds 12,236 shares.

Before that, SULLIVAN ANDREW F had sold 7,685 shares from its account. In a trade valued at $857,415, the Executive Vice President traded Prudential Financial Inc. shares for $111.57 each. Upon closing the transaction, the insider’s holdings decreased to 7,685 shares, worth approximately $1.6 million.

As published in a research note from Jefferies on May 22, 2024, Prudential Financial Inc. [PRU] has been rated up from a Hold to a Buy and the price target has been revised to $143 from $121. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in early February. As of January 03, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for PRU. Earlier on October 05, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for PRU stock.

Analyzing PRU Stock Performance

During the last five days, there has been a surge of approximately 1.81%. Over the course of the year, Prudential Financial Inc. shares have jumped approximately 12.85%. Shares of the company reached a 52-week high of $121.39 on 05/17/24 and a 52-week low of $100.60 on 02/01/24. A 50-day SMA is recorded $115.05, while a 200-day SMA reached $105.05. Nevertheless, trading volume fell to 1.22 million shares from 1.1 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 115.70, which, if violated, would cause prices to drop to 114.36. In the upper region, resistance lies at 117.82. The next price resistance is at 118.59. RSI (Relative Strength Index) is 52.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 42.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular