Large Inflow of Money Witnessed in Prudential Financial

Prudential Financial (PRU) : The money flow analysis of Prudential Financial (PRU) indicates a $15.59 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $17.44 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.12 and so was the total money flow at $1.85 million. A solid up-down ratio of 2.27 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $1.97 million worth of block trades on upticks. Only $0.87 million worth of the stock exchanged hands on downticks. The money flow was $1.1 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Prudential Financial (PRU), pushing it down by -0.19% for the day. The stock slid $0.13 and traded at $69.01 during the day. Nonetheless, the stock is -2.8% over the previous weeks close.


Prudential Financial (PRU) : 7 investment research analysts covering Prudential Financial (PRU) have an average price target of $85.29 for the near short term. The highest target price given by the Brokerage Firm to the stock is $91 and the lowest target is $78 for the short term. Analysts expect the variance to be within $4.92 of the average price. The stock has recorded a 20-day Moving Average of 4.18% and the 50-Day Moving Average is 8.09%.

Prudential Financial (NYSE:PRU): The stock opened at $69.17 on Thursday but the bulls could not build on the opening and the stock topped out at $70.47 for the day. The stock traded down to $68.56 during the day, due to lack of any buying support eventually closed down at $69.04 with a loss of -0.14% for the day. The stock had closed at $69.14 on the previous day. The total traded volume was 2,406,093 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *