Prudential Financial (PRU) has been under a strong bear grip, hence the stock is down -0.31% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.25% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.8% in the last 1 week, and is up 4.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.89% and the 50-Day Moving Average is 0.89%.
Prudential Financial (NYSE:PRU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.57 and $74.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.11, notching a gain of 0.12% for the day. The total traded volume was 2,104,936 . The stock had closed at $75.02 on the previous day.
The company Insiders own 1.2% of Prudential Financial shares according to the proxy statements. Institutional Investors own 63.55% of Prudential Financial shares. During last six month period, the net percent change held by insiders has seen a change of 160.87%. 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.