Prudential Financial (PRU) has risen sharply, recording gains of 6.04% in the past 4 weeks. However, the stock has corrected -0.62% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.53% and the 50-Day Moving Average is 1.11%. Prudential Financial, Inc. has dropped 2.15% during the last 3-month period . Year-to-Date the stock performance stands at -5.68%.
Prudential Financial (NYSE:PRU): On Fridays trading session , Opening price of the stock was $75.07 with an intraday high of $75.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $75.01. However, the stock managed to close at $75.29, a loss of 0.63% for the day. On the previous day, the stock had closed at $75.77. The total traded volume of the day was 2,558,224 shares.
Also, Brokerage firm Citigroup maintains its rating on Prudential Financial (NYSE:PRU). As per the latest information, the brokerage house lowers the price target to $80 per share from a prior target of $83. The shares have been rated Buy. The rating by the firm was issued on July 7, 2016.
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.