Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Prudential Financial Inc shares valued at $26,000,000 were purchased by PRUDENTIAL INSURANCE CO OF AME on Feb 03 ’25. At $28.69 per share, PRUDENTIAL INSURANCE CO OF AME acquired 906,239 shares. The insider’s holdings grew to 5,799,370 shares worth approximately $661.48 million following the completion of this transaction.
Also, PRUDENTIAL FINANCIAL INC purchased 1,500,000 shares, netting a total of over 15,000,000 in proceeds. Following the buying of shares at $10.00 each, the insider now holds 1,500,000 shares.
Before that, PRUDENTIAL INSURANCE CO OF AME had added 71,633 shares to its account. In a trade valued at $2,000,000, the 10% Owner bought Prudential Financial Inc shares for $27.92 each. Upon closing the transaction, the insider’s holdings increased to 71,633 shares, worth approximately $553.41 million.
As published in their initiating research note from BMO Capital Markets on January 23, 2025, Prudential Financial Inc [PRU] has been an Underperform and the price target has been revised to $101. Analysts at Evercore ISI upgraded the stock from ‘”an Underperform”‘ to ‘”an In-line”‘ outlook in a report released in mid November. As of October 09, 2024, TD Cowen has initiated its “Hold” rating for PRU. Earlier on September 05, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for PRU stock.
Analyzing PRU Stock Performance
During the last five days, there has been a drop of approximately -6.76%. Over the course of the year, Prudential Financial Inc shares have dropped approximately -3.77%. Shares of the company reached a 52-week high of $123.88 on 01/29/25 and a 52-week low of $111.82 on 02/05/25. A 50-day SMA is recorded $120.82, while a 200-day SMA reached $119.45. Nevertheless, trading volume fell to 3.99 million shares from 2.39 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 112.09, which, if violated, would cause prices to drop to 110.13. In the upper region, resistance lies at 115.75. The next price resistance is at 117.45. RSI (Relative Strength Index) is 36.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.09, which suggests the price will decrease in the coming days. Percent R is at 81.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
