Prudential Financial (NYSE:PRU) has tumbled 1.84% during the past week and has dropped 7.06% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.66%. Prudential Financial (NYSE:PRU) has underperformed the index by 7.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Prudential Financial (NYSE:PRU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.76 and $71.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.19, notching a gain of 0.63% for the day. The total traded volume was 3,344,177 . The stock had closed at $71.74 on the previous day.
The company shares have dropped -20.65% 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 $76.46 and the 200 Day Moving Average price is recorded at $74.41.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Prudential Financial Inc, Scovanner Douglas A, had purchased 7,400 shares in a transaction dated on February 16, 2016. The transaction was executed at $62.56 per share with total amount equaling $462,944.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, FBR Capital maintains its rating on Prudential Financial (NYSE:PRU).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, FBR Capital raises the new price target from $80 per share to $86 per share. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 1.2% of Prudential Financial shares according to the proxy statements. Institutional Investors own 63.57% of Prudential Financial shares. During last six month period, the net percent change held by insiders has seen a change of 160.87%.
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.