Prudential Public Limited Company (PUK) : Traders are bullish on Prudential Public Limited Company (PUK) as it has outperformed the S&P 500 by a wide margin of 6.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.14%, 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 2.19% in the last 1 week, and is up 8.01% 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 4.25% and the 50-Day Moving Average is 4.74%. Prudential Public Limited Company (NYSE:PUK): On Fridays trading session , Opening price of the stock was $36.85 with an intraday high of $36.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $36.68. However, the stock managed to close at $36.83, a loss of 0.11% for the day. On the previous day, the stock had closed at $36.87. The total traded volume of the day was 534,780 shares.
Institutional Investors own 1.45% of Prudential Public Limited Company shares. Also, Major Brokerage house, JP Morgan downgrades its ratings on Prudential Public Limited Company (NYSE:PUK). According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 5, 2016.
Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations. The Insurance operations segment includes operations in Asia, United States (Jackson) and United Kingdom. The Asset management operations segment include Eastspring Investments, US broker-dealer and asset management (including Curian), and M&G (including Prudential Capita). Prudential provides savings, protection and retirement products. Jackson is the life insurance company, providing retirement savings and income solutions. Eastspring Investments manages investments for Asia, the United Kingdom and the United States life companies. M&G is an investment-led business that manages money on behalf of individual and institutional investors.