Prudential Financial Inc.’s recent filing unveils that its 10% Owner PRUDENTIAL INSURANCE CO OF AME acquired Company’s shares for reported $7.2 million on Oct 08 ’24. In the deal valued at $27.58 per share,261,059 shares were bought. As a result of this transaction, PRUDENTIAL INSURANCE CO OF AME now holds 4,208,549 shares worth roughly $536.17 million.
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Then, Feeney Caroline sold 1,110 shares, generating $133,167 in total proceeds. Upon selling the shares at $119.97, the Executive Vice President now owns 10,175 shares.
Before that, Feeney Caroline bought 1,110 shares. Prudential Financial Inc. shares valued at $133,177 were divested by the Officer at a price of $119.98 per share.
TD Cowen initiated its Prudential Financial Inc. [PRU] rating to a Hold in a research note published on October 09, 2024; the price target was $130. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering PRU and has increased its forecast on August 12, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Jefferies revised its rating on May 22, 2024. It rated PRU as “a Buy” which previously was an “a Hold”.
Price Performance Review of PRU
On Friday, Prudential Financial Inc. [NYSE:PRU] saw its stock fall -0.33% to $127.40. Over the last five days, the stock has gained 2.97%. Prudential Financial Inc. shares have risen nearly 22.84% since the year began. Nevertheless, the stocks have risen 34.37% 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 $118.61, while 200 days put it at $114.63.
Levels Of Support And Resistance For PRU Stock
The 24-hour chart illustrates a support level at 126.67, which if violated will result in even more drops to 125.93. On the upside, there is a resistance level at 128.07. A further resistance level may holdings at 128.73. The Relative Strength Index (RSI) on the 14-day chart is 68.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.62%. Stochastics %K at 96.45% indicates the stock is a selling.
How much short interest is there in Prudential Financial Inc.?
A steep rise in short interest was recorded in Prudential Financial Inc. stocks on 2024-09-30, growing by 0.19 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.33 million shares. There was a rise of 3.51%, which implies that there is a positive sentiment for the stock.
