Prudential Financial Inc.’s filing revealed that its 10% Owner PRUDENTIAL INSURANCE CO OF AME acquired Company’s shares for reported $18.0 million on Jun 20 ’24. In the deal valued at $27.57 per share,652,884 shares were bought. As a result of this transaction, PRUDENTIAL INSURANCE CO OF AME now holds 3,883,390 shares worth roughly $456.41 million.
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Then, FALZON ROBERT sold 130,092 shares, generating $15,425,008 in total proceeds. Upon selling the shares at $118.57, the EVP and Vice Chairman now owns 202,083 shares.
Before that, SCHMIDT TIMOTHY L sold 5,189 shares. Prudential Financial Inc. shares valued at $604,934 were divested by the Senior Vice President at a price of $116.58 per share. As a result of the transaction, SCHMIDT TIMOTHY L now holds 12,236 shares, worth roughly $1.44 million.
Jefferies upgraded its Prudential Financial Inc. [PRU] rating to a Buy from a a Hold in a research note published on May 22, 2024; the price target was increased to $143 from $121. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early February from “a Strong buy” to “a Mkt perform”. JP Morgan also remained covering PRU and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Deutsche Bank started covering the stock on October 05, 2023. It rated PRU as “a Hold”.
Price Performance Review of PRU
On Monday, Prudential Financial Inc. [NYSE:PRU] saw its stock jump 0.29% to $117.53. Over the last five days, the stock has lost -1.37%. Prudential Financial Inc. shares have risen nearly 13.33% since the year began. Nevertheless, the stocks have risen 33.80% over the past one year. While a 52-week high of $121.39 was reached on 05/17/24, a 52-week low of $86.69 was recorded on 02/01/24. SMA at 50 days reached $116.24, while 200 days put it at $105.85. A total of 1.06 million shares were traded, compared to the trading of 2.26 million shares in the previous session.
Levels Of Support And Resistance For PRU Stock
The 24-hour chart illustrates a support level at 116.70, which if violated will result in even more drops to 115.88. On the upside, there is a resistance level at 118.63. A further resistance level may holdings at 119.74. The Relative Strength Index (RSI) on the 14-day chart is 52.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.15%. Stochastics%K at 65.57% indicates the stock is a holding.
