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 $15,000,000 were purchased by PRUDENTIAL INSURANCE CO OF AME on Nov 25 ’24. At $27.92 per share, PRUDENTIAL INSURANCE CO OF AME acquired 537,249 shares. The insider’s holdings grew to 4,780,293 shares worth approximately $619.14 million following the completion of this transaction.
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Also, SULLIVAN ANDREW F sold 25,685 shares, netting a total of over 3,187,542 in proceeds. Following the sale of shares at $124.10 each, the insider now holds 15,123 shares.
Before that, Lowrey Charles F had sold 95,814 shares from its account. In a trade valued at $11,930,964, the Chief Executive Officer traded Prudential Financial Inc shares for $124.52 each. Upon closing the transaction, the insider’s holdings decreased to 95,814 shares, worth approximately $22.03 million.
As published in a research note from Evercore ISI on November 14, 2024, Prudential Financial Inc [PRU] has been rated up from an Underperform to an In-line and the price target has been revised to $140 from $117. Analysts at TD Cowen started covering the stock with ‘”a Hold”‘ outlook in a report released in early October. As of September 05, 2024, Barclays has initiated its “an Equal weight” rating for PRU. Earlier on August 12, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for PRU stock which previously was a “an Underweight”.
Analyzing PRU Stock Performance
During the last five days, there has been a surge of approximately 4.36%. Over the course of the year, Prudential Financial Inc shares have jumped approximately 24.89%. Shares of the company reached a 52-week high of $130.55 on 11/27/24 and a 52-week low of $100.60 on 02/01/24. A 50-day SMA is recorded $123.92, while a 200-day SMA reached $117.54. Nevertheless, trading volume fell to 0.99 million shares from 1.14 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 129.00, which, if violated, would cause prices to drop to 128.47. In the upper region, resistance lies at 130.30. The next price resistance is at 131.08. RSI (Relative Strength Index) is 60.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.75, which suggests the price will increase in the coming days. Percent R is at 11.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
