Prudential Financial Inc’s filing revealed that its 10% Owner PRUDENTIAL FINANCIAL INC acquired Company’s shares for reported $15.0 million on Dec 18 ’24. In the deal valued at $10.00 per share,1,500,000 shares were bought. As a result of this transaction, PRUDENTIAL FINANCIAL INC now holds 1,500,000 shares worth roughly $177.84 million.
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Then, PRUDENTIAL INSURANCE CO OF AME bought 71,633 shares, generating $2,000,000 in total proceeds. Upon buying the shares at $27.92, the 10% Owner now owns 4,851,926 shares.
Before that, PRUDENTIAL INSURANCE CO OF AME bought 537,249 shares. Prudential Financial Inc shares valued at $15,000,000 were divested by the 10% Owner at a price of $27.92 per share. As a result of the transaction, PRUDENTIAL INSURANCE CO OF AME now holds 4,780,293 shares, worth roughly $566.75 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 jump 0.62% to $118.56. Over the last five days, the stock has lost -1.70%. Prudential Financial Inc shares have risen nearly 14.32% since the year began. Nevertheless, the stocks have risen 14.85% over the past one year. While a 52-week high of $130.55 was reached on 11/27/24, a 52-week low of $100.60 was recorded on 02/01/24. SMA at 50 days reached $124.34, while 200 days put it at $118.71.
Levels Of Support And Resistance For PRU Stock
The 24-hour chart illustrates a support level at 117.51, which if violated will result in even more drops to 116.46. On the upside, there is a resistance level at 119.13. A further resistance level may holdings at 119.69. The Relative Strength Index (RSI) on the 14-day chart is 40.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.76%. Stochastics %K at 20.88% 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 2024-11-29, growing by 44197.0 shares to a total of 5.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.65 million shares. There was a rise of 0.78%, which implies that there is a positive sentiment for the stock.
