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 $7,200,000 were purchased by PRUDENTIAL INSURANCE CO OF AME on Oct 08 ’24. At $27.58 per share, PRUDENTIAL INSURANCE CO OF AME acquired 261,059 shares. The insider’s holdings grew to 4,208,549 shares worth approximately $534.61 million following the completion of this transaction.
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Also, Feeney Caroline sold 1,110 shares, netting a total of over 133,167 in proceeds. Following the sale of shares at $119.97 each, the insider now holds 10,175 shares.
Before that, Feeney Caroline had added 1,110 shares to its account. In a trade valued at $133,177, the Officer bought Prudential Financial Inc. shares for $119.98 each.
As published in their initiating research note from TD Cowen on October 09, 2024, Prudential Financial Inc. [PRU] has been a Hold and the price target has been revised to $130. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. As of August 12, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for PRU. Earlier on May 22, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for PRU stock which previously was a “a Hold”.
Analyzing PRU Stock Performance
During the last five days, there has been a surge of approximately 4.02%. Over the course of the year, Prudential Financial Inc. shares have jumped approximately 22.49%. 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 $117.82, while a 200-day SMA reached $114.39. Nevertheless, trading volume fell to 1.44 million shares from 1.65 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 126.36, which, if violated, would cause prices to drop to 125.69. In the upper region, resistance lies at 127.56. The next price resistance is at 128.08. RSI (Relative Strength Index) is 69.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.94, which suggests the price will increase in the coming days. Percent R is at 3.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
