Prudential Financial (PRU) : Traders are bullish on Prudential Financial (PRU) as it has outperformed the S&P 500 by a wide margin of 4.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.98% in the last 1 week, and is up 7.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Prudential Financial (NYSE:PRU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.93 and $73.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.03, notching a gain of 4.38% for the day. The total traded volume was 3,533,767 . The stock had closed at $72.84 on the previous day.
The stock has recorded a 20-day Moving Average of 1.88% and the 50-Day Moving Average is 2.54%. Prudential Financial, Inc. is up 0.88% in the last 3-month period. Year-to-Date the stock performance stands at -4.75%.
Prudential Financial (PRU) : The highest level Prudential Financial (PRU) is projected to reach is $86 for the short term and the lowest estimate is at $73. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $80.83 and the possibility the share price can swing is $4.88.
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.