Prudential Financial Inc’s recent filing unveils that its 10% Owner PRUDENTIAL INSURANCE CO OF AME acquired Company’s shares for reported $15.0 million on Nov 25 ’24. In the deal valued at $27.92 per share,537,249 shares were bought. As a result of this transaction, PRUDENTIAL INSURANCE CO OF AME now holds 4,780,293 shares worth roughly $585.87 million.
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Then, SULLIVAN ANDREW F sold 25,685 shares, generating $3,187,542 in total proceeds. Upon selling the shares at $124.10, the Executive Vice President now owns 15,123 shares.
Before that, Lowrey Charles F sold 95,814 shares. Prudential Financial Inc shares valued at $11,930,964 were divested by the Chief Executive Officer at a price of $124.52 per share. As a result of the transaction, Lowrey Charles F now holds 170,081 shares, worth roughly $20.85 million.
Evercore ISI upgraded its Prudential Financial Inc [PRU] rating to an In-line from a an Underperform in a research note published on November 14, 2024; the price target was increased to $140 from $117. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early October with a ‘”a Hold”‘ rating. Barclays began covering PRU with “an Equal weight” recommendation on September 05, 2024. Wells Fargo revised its rating on August 12, 2024. It rated PRU as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of PRU
On Monday, Prudential Financial Inc [NYSE:PRU] saw its stock fall -3.16% to $122.56. Over the last five days, the stock has lost -4.56%. Prudential Financial Inc shares have risen nearly 18.18% since the year began. Nevertheless, the stocks have risen 22.98% over the past one year. While a 52-week high of $130.55 was reached on 11/27/24, a 52-week low of $98.24 was recorded on 02/01/24. SMA at 50 days reached $124.78, while 200 days put it at $118.21.
Levels Of Support And Resistance For PRU Stock
The 24-hour chart illustrates a support level at 121.05, which if violated will result in even more drops to 119.54. On the upside, there is a resistance level at 125.46. A further resistance level may holdings at 128.37. The Relative Strength Index (RSI) on the 14-day chart is 41.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.58%. Stochastics %K at 33.43% 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 2024-11-15, growing by 0.11 million shares to a total of 5.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.83 million shares. There was a rise of 1.78%, which implies that there is a positive sentiment for the stock.
