Large Inflow of Money Detected in Prudential Financial

Prudential Financial (PRU) : On Wednesday, The money flowed into the Prudential Financial (PRU) stock with an uptick to downtick ratio was recorded at 2.68. Transactions worth $2.89 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.08 million. The total money flow into the stock was $1.81 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.99 million of block transactions on upticks. The total money flow in block trades was $1.99 million. In terms of price action, Prudential Financial (PRU) traded down $0.3 during the session at $74.87. Compared to the previous days closing, the stock was down only by -0.4%. For the week, the stock is -0.32%, over previous weeks closing.


Also, Major Brokerage house, Citigroup maintains its ratings on Prudential Financial (NYSE:PRU). In the latest research report, Citigroup lowers the target price from $83 per share to $80 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 7, 2016.

Prudential Financial (NYSE:PRU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.61 and $74.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.54, notching a gain of 0.49% for the day. The total traded volume was 1,836,792 . The stock had closed at $75.17 on the previous day.

The stock has recorded a 20-day Moving Average of 4.86% and the 50-Day Moving Average is 1.48%. In a related news, 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.

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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