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Investing in Prudential Financial Inc (PRU) Is Getting More Attractive

Prudential Financial Inc’s recent filing unveils that its Executive Vice President SULLIVAN ANDREW F unloaded Company’s shares for reported $3.19 million on Nov 07 ’24. In the deal valued at $124.10 per share,25,685 shares were sold. As a result of this transaction, SULLIVAN ANDREW F now holds 15,123 shares worth roughly $1.9 million.

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Then, Lowrey Charles F sold 95,814 shares, generating $11,930,964 in total proceeds. Upon selling the shares at $124.52, the Chief Executive Officer now owns 170,081 shares.

Before that, Lowrey Charles F sold 89,839 shares. Prudential Financial Inc shares valued at $11,515,114 were divested by the Chief Executive Officer at a price of $128.18 per share. As a result of the transaction, Lowrey Charles F now holds 172,426 shares, worth roughly $21.64 million.

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 Tuesday, Prudential Financial Inc [NYSE:PRU] saw its stock jump 0.39% to $125.49. Over the last five days, the stock has gained 4.42%. Prudential Financial Inc shares have risen nearly 21.00% since the year began. Nevertheless, the stocks have risen 36.36% over the past one year. While a 52-week high of $129.13 was reached on 11/06/24, a 52-week low of $91.07 was recorded on 02/01/24. SMA at 50 days reached $121.65, while 200 days put it at $116.35.

Levels Of Support And Resistance For PRU Stock

The 24-hour chart illustrates a support level at 124.74, which if violated will result in even more drops to 123.98. On the upside, there is a resistance level at 126.04. A further resistance level may holdings at 126.58. The Relative Strength Index (RSI) on the 14-day chart is 54.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.22%. Stochastics %K at 50.22% 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 2024-10-31, growing by 0.12 million shares to a total of 5.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.53 million shares. There was a rise of 2.13%, which implies that there is a positive sentiment for the stock.

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