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Prudential Financial Inc. (PRU) may enjoy gains as insiders got busy in the recent days

Prudential Financial Inc.’s recent filing unveils that its Executive Vice President Feeney Caroline unloaded Company’s shares for reported $0.13 million on Sep 03 ’24. In the deal valued at $119.97 per share,1,110 shares were sold. As a result of this transaction, Feeney Caroline now holds 10,175 shares worth roughly $1.25 million.

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Then, Feeney Caroline bought 1,110 shares, generating $133,177 in total proceeds.

Before that, KAPPLER ANN M sold 2,839 shares. Prudential Financial Inc. shares valued at $322,028 were divested by the EVP and General Counsel at a price of $113.43 per share. As a result of the transaction, KAPPLER ANN M now holds 14,535 shares, worth roughly $1.79 million.

Barclays initiated its Prudential Financial Inc. [PRU] rating to an Equal weight in a research note published on September 05, 2024; the price target was $118. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid August from “an Underweight” to “an Equal weight”. Jefferies also remained covering PRU and has increased its forecast on May 22, 2024 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on February 09, 2024. It rated PRU as “a Mkt perform” which previously was an “a Strong buy”.

Price Performance Review of PRU

On Friday, Prudential Financial Inc. [NYSE:PRU] saw its stock jump 3.44% to $122.99. Over the last five days, the stock has gained 1.80%. Prudential Financial Inc. shares have risen nearly 18.59% since the year began. Nevertheless, the stocks have risen 34.87% over the past one year. While a 52-week high of $128.52 was reached on 07/17/24, a 52-week low of $87.95 was recorded on 02/01/24. SMA at 50 days reached $116.98, while 200 days put it at $113.60.

Levels Of Support And Resistance For PRU Stock

The 24-hour chart illustrates a support level at 121.22, which if violated will result in even more drops to 119.45. On the upside, there is a resistance level at 124.15. A further resistance level may holdings at 125.32. The Relative Strength Index (RSI) on the 14-day chart is 63.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.00%. Stochastics %K at 58.98% indicates the stock is a holding.

How much short interest is there in Prudential Financial Inc.?

A steep rise in short interest was recorded in Prudential Financial Inc. stocks on 2024-09-13, growing by 1.03 million shares to a total of 5.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.64 million shares. There was a rise of 18.11%, which implies that there is a positive sentiment for the stock.

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