Large Inflow of Money Witnessed in Prudential Financial

Prudential Financial (NYSE:PRU) stock had a bullish inflow of $12.98 million worth of trades on uptick and an outflow of $9.93 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.31. The net money flow into the stock was $3.05 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $4.53 million. An inflow of $1.33 million block trade was recorded on downticks. $5.86 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 4.42 in favor of the bulls. However, Prudential Financial (NYSE:PRU) stock traded down $0.14 , and reached $68.56, a drop of -0.2% over the previous day. On a weekly basis, the stock is -3.31%, over the previous weeks close.


In an insider trading activity, Scovanner Douglas A, director of Prudential Financial Inc, had purchased 7,400 shares on February 16, 2016. The total value of the transaction was $462,944. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 1.2% of Prudential Financial shares according to the proxy statements. Institutional Investors own 63.58% of Prudential Financial shares. During last six month period, the net percent change held by insiders has seen a change of 160.87%.

The company shares have dropped -22.79% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $92.60 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $75.51 and the 200 Day Moving Average price is recorded at $73.59. Prudential Financial (NYSE:PRU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.17 and $68.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.14, notching a gain of 2.10% for the day. The total traded volume was 4,230,098 . The stock had closed at $68.70 on the previous day.

Prudential Financial, Inc. is a financial services company. The Company, through its subsidiaries and affiliates, provides a arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions, containing six segments, and the Companys corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance. The Companys investment portfolio consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities and other invested assets.

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