Prudential Financial (PRU) : Tuesdays money flow analysis of Prudential Financial (PRU) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $33.34 million. In comparison, the inflow of money on upticks was a meager $23.37 million. The dollar value of composite uptick trades minus the downtick trades was negative $9.97 million. The uptick to downtick ratio of 0.7 in the money flow shows weakness. The uptick block trades were valued at $1.14 million. The downtick transaction value was high at $11.03 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.1. Hence, the net money flow in the stock was negative ($9.9 million). Prudential Financial (PRU) gained $0.95 at $79.56, a change of 1.21% over the previous days close.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Prudential Financial (NYSE:PRU). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $80 per share from a prior target of $83. The rating by the firm was issued on July 7, 2016.
Shares of Prudential Financial, Inc. rose by 4.05% in the last five trading days and 7.27% for the last 4 weeks. Prudential Financial, Inc. is up 1.87% in the last 3-month period. Year-to-Date the stock performance stands at 0.59%.
Prudential Financial (NYSE:PRU): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.75 and $78.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.56, notching a gain of 1.21% for the day. The total traded volume was 1,986,232 . The stock had closed at $78.61 on the previous day.
In a related news,The officer (EVP and CFO) of Prudential Financial Inc, Falzon Robert sold 33,820 shares at $77.13 on August 8, 2016. The Insider selling transaction had a total value worth of $2,608,537. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.