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 $7,112,402 were purchased by FALZON ROBERT on Nov 06 ’24. At $128.26 per share, FALZON ROBERT acquired 55,453 shares.
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Also, Lowrey Charles F purchased 95,036 shares, netting a total of over 12,181,714 in proceeds.
Before that, GOODMAN STACEY had added 9,649 shares to its account. In a trade valued at $1,169,265, the Officer bought Prudential Financial Inc shares for $121.18 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 0.86%. Over the course of the year, Prudential Financial Inc shares have jumped approximately 23.16%. Shares of the company reached a 52-week high of $129.13 on 11/06/24 and a 52-week low of $100.60 on 02/01/24. A 50-day SMA is recorded $121.33, while a 200-day SMA reached $115.98. Nevertheless, trading volume fell to 3.68 million shares from 1.81 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 126.58, which, if violated, would cause prices to drop to 125.42. In the upper region, resistance lies at 129.01. The next price resistance is at 130.28. RSI (Relative Strength Index) is 60.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.60, which suggests the price will decrease in the coming days. Percent R is at 13.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
