Prudential Financial (PRU) stock had a bullish inflow of $1.79 million worth of trades on uptick and an outflow of $0.65 million in downticks on Friday. The total uptick to downtick ratio stood at 2.74. The net money flow into the stock was $1.13 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 $1.21 million. $1.21 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Prudential Financial (PRU) stock traded down $0.11 , and reached $75.32, a drop of -0.15% over the previous day. On a weekly basis, the stock is 0.28%, over the previous weeks close.
Prudential Financial (PRU) stock is expected to deviate a maximum of $4.88 from the average target price of $80.83 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $86 and the most muted being $73.
Prudential Financial (NYSE:PRU): stock turned positive on Friday. Though the stock opened at $75.75, the bulls momentum made the stock top out at $75.86 level for the day. The stock recorded a low of $75.131 and closed the trading day at $75.76, in the green by 0.44%. The total traded volume for the day was 1,183,893. The stock had closed at $75.43 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Prudential Financial Inc, Scovanner Douglas A had purchased shares worth of $462,944 in a transaction dated on February 16, 2016. A total of 7,400 shares were purchased at a price of $62.56 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.