Prudential Financial (PRU): Price Target and June Short Interest Disclosure

Prudential Financial (PRU) : The highest level Prudential Financial (PRU) is projected to reach is $91 for the short term and the lowest estimate is at $73. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $82.29 and the possibility the share price can swing is $5.88.

Prudential Financial (PRU) encountered a drop of 0.8% or -42,398 shares in the short positions. The number dropped from 5,389,564 on June 15,2016 to 5,347,166 on June 30,2016. The final interest is 1.2% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 3,472,221 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Citigroup maintains its view on Prudential Financial (NYSE:PRU) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup lowers the price target from $83 per share to $80 per share on Prudential Financial . The rating by the firm was issued on July 7, 2016.


Prudential Financial (NYSE:PRU): stock turned positive on Thursday. Though the stock opened at $74.9, the bulls momentum made the stock top out at $75.499 level for the day. The stock recorded a low of $74.56 and closed the trading day at $75.02, in the green by 2.63%. The total traded volume for the day was 2,698,235. The stock had closed at $73.1 in the previous days trading.

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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