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 $133,167 were sold by Feeney Caroline on Sep 03 ’24. At $119.97 per share, Feeney Caroline sold 1,110 shares. The insider’s holdings dropped to 10,175 shares worth approximately $1.2 million following the completion of this transaction.
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Also, Feeney Caroline purchased 1,110 shares, netting a total of over 133,177 in proceeds.
Before that, KAPPLER ANN M had sold 2,839 shares from its account. In a trade valued at $322,028, the EVP and General Counsel traded Prudential Financial Inc. shares for $113.43 each. Upon closing the transaction, the insider’s holdings decreased to 2,839 shares, worth approximately $1.71 million.
As published in their initiating research note from Barclays on September 05, 2024, Prudential Financial Inc. [PRU] has been an Equal weight and the price target has been revised to $118. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid August. As of May 22, 2024, Jefferies has increased its “Hold” rating to a “Buy” for PRU. Earlier on February 09, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for PRU stock which previously was a “a Strong buy”.
Analyzing PRU Stock Performance
During the last five days, there has been a drop of approximately -0.84%. Over the course of the year, Prudential Financial Inc. shares have jumped approximately 13.57%. Shares of the company reached a 52-week high of $128.52 on 07/17/24 and a 52-week low of $100.60 on 02/01/24. A 50-day SMA is recorded $118.14, while a 200-day SMA reached $111.51. Nevertheless, trading volume fell to 1.47 million shares from 1.41 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 116.36, which, if violated, would cause prices to drop to 114.94. In the upper region, resistance lies at 119.84. The next price resistance is at 121.90. RSI (Relative Strength Index) is 51.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 47.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
